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This all day seminar will introduce Dentists to the critical considerations for the journey into establishing and running their own profitable business into the future and will consider all aspects in this pivotal decision making process, including Financial, Risk, HR, Marketing and Legal.

Learning outcomes

Shane Morgan / Stuart Chan - Cutcher & Neale Accounting and Tax Fundamentals Starting in Practice – key things you need to know about being in practice, including structures, tax, super, joining or buying into a practice (each of these topics have their own more detailed seminars) Structuring for Dental Practice – Company, Trust, Partnership, Sole Trader, which is right for me? Tax Issues for issue for Dental Practices – key tax matters you need to know Superannuation issues for Dental Practices – key superannuation matters you need to know Dentist arrangements – Contractor and Service Entity arrangements, getting it right Joining or buying into a practice – what are you getting and how do you value it? Agreements in Dental Practice – how to get your Dentist Arrangements correct and the critical agreements you need including Shareholder, Unitholder, Associateship and Service Agreements Practice Ownership – ownership options for Solo Practice to Large Practices and what you need to know to avoid ownership disharmony Financing and Insurance essentials for Dentists Simon Palmer - Practice Sales Search Considerations when buying a practice Selecting, analysis and valuing a practice Employing the right team and learning how to retain them Georgina Odell - Meridian Laywers Purchase contract issues/tips Service Agreements Employees vs Contractor arrangements Legal issues around leases etc Case study

Further information 

Simon Palmer, Georgina Odell, Shane Morgan

Simon Palmer With more than 15 years’ experience in dental recruitment and dental practice sales, Simon Palmer has extensive knowledge of and insight into the Australian dental industry. He is a regular contributor to dental publications and journals, and is regarded as an expert on dental practice purchases and sales in Australia. Simon has a deep understanding of the complexities and sensitivities involved in buying and selling dental practices and is committed to ensuring his clients get the price, terms and compatibility they are looking for. Simon has a business broker’s license in most states and has conducted hundreds of transactions throughout Australia. He oversees the entire process from information/documentation gathering through to negotiations, contracts and transitions. Shane Morgan Shane Morgan joined Cutcher & Neale in January 2005 and became a Partner in July 2012. He works within the Specialist Dental/Medical Division and also has a particular interest in Self Managed Superannuation for the Dental/Medical client base. Shane is a noted presenter and commentator, regularly speaking at events for a range of industry organisations including the Australian Dental Association (ADA), Australian Medical Association (AMA (NSW)), the Australian Association of Practice Management (AAPM) and the SMSF Association. He has extensive experience with dental professionals and has assisted many practitioners in planning and structuring their businesses, improving their financial performance and structuring for business succession. Georgina Odell Georgina Odell is a Principal at Meridian Lawyers. With more than 25 years’ experience as a commercial lawyer, Georgina acts for a range of business clients including dentists, pharmacists, medical practitioners, online health businesses, national peak body associations, education and care services, veterinary practitioners, gym and fitness businesses, and companies listed on the ASX. Georgina handles the sale and acquisition of businesses and companies particularly in the healthcare sector, and prepares a range of commercial agreements including partnership, shareholder and buy/sell agreements, terms and conditions of business (including for online businesses), privacy policies, data breach response plans, independent contractor agreements, and services and facilities agreements. She also advises on the leasing of commercial premises and in business disputes.

Simon Palmer, Georgina Odell, Shane Morgan 

Essentials for Starting or Joining a Practice

Simon Palmer, Georgina Odell, Shane Morgan
Friday 6th Sep 2024
9:00am - 4:30pm
Centre for Professional Development
1 Atchison Street
Region: St Leonards Nsw, Australia
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Brought to you by ADA NSW Centre for Professional Development