10 Strategies To Increase Your Practice's Sale Value
While practice values are continuing to rise, not all doctors will benefit. Without proper planning, you could end up with as little as 50% of your practice’s true value when you sell out. Here’s 10 steps to ensure that you receive the maximum value for your practice and help assure your financial security in retirement.
1. Start Planning Early – Doctors who are forced to sell their practice quickly (one year or less) often receive 50% or less of its true value. While many forced sales are involuntary, due to death or disability, others are simply a result of inadequate planning.
The first step in the process is...
Log in to view full articleBack
The McGill Advisory is designed to provide accurate and authoritative information with regard to the subject matter covered. It is sold with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional services. If legal or accounting advice or other expert assistance is required, the services of a competent professional should be sought.
Copyright © 2018 John K. McGill & Company, Inc. All Rights Reserved.