You’ll Need a Lawyer (to Help with Your Practice Transition) [Video]

From the ADA BIG Idea 2019: Transitions Conference

As you consider leaving your practice, you are faced with a variety of options, including selling outright, engaging in a partnership or hiring an associate with the opportunity to buy, entering into a solo group arrangement, merging with another practice, or simply closing your doors. What direction is right for you?

In these recordings, which feature information from the ADA BIG Idea 2019: Transitions conference, William Prescott discusses your various options, and the advantages and disadvantages of each. You'll also learn about restrictive covenants, non-disclosure agreements, letters of intent, and more.

Presenter information

William P. Prescott, E.M.B.A., J.D., Esq.

Bill Prescott has spent more than 30 years representing dentists and dental specialists. His legal practice concentrates on associate buy-ins/owner buy-outs, succession planning, practice sales and acquisitions, practice valuations, group practice formation and operations and solo group operations. Mr. Prescott has written several books on dental law topics including "Joining and Leaving the Dental Practice, Third Edition," which he has made available for free to ADA members. He has also written numerous articles for Dental Economics and other publications. Martindale-Hubbell has awarded Mr. Prescott an AV rating for his preeminent legal ability and highest ethical standards.

The ADA BIG Idea 2019: Transitions conference was held on Aug. 9, 2019, and focused on dental practice transition options and strategies. Two key topics for the conference included helping dentists identify the right time to start thinking about transition planning, and identifying factors that drive the value of a dental practice.