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Legal consultation and documentation production and review for the straight sale or purchase of a professional practice (e.g., Dental, Medical, Chiropractic, Veterinary) representing either buyer or seller.
NOTE: price is $7,500 for joint representation; add $950 for state law compliance review for practice sales outside California, Texas and Tennessee.
Price is ALL INCLUSIVE; legal consultation, drafting and/or review (as applicable) of practice transition documentation, including the Asset or Stock Purchase Agreement, Note, Security or Stock Pledge Agreement, UCC Financing Statement, Non-Competition Agreement, Pre- and/or Post-Sale Association or Employment Agreements, Lease review and Assignment, Accounts Receivable Agreement, Bill of Sale, EDD Release, and all other expenses included in price.
NOTE: partial sales that result in a continuing professional relationship between the parties also create a need for (a) an expense sharing agreement, (b) incorporation, and/or (c) shareholder buyout arrangements between the parties.*
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For providing, reviewing and/or discussing a non-binding letter agreement, whether required by (i) a practice broker before you are allowed to inspect the seller's financial and other practice documents, (ii) a lender before qualifying you for the loan, or (iii) the parties themselves prior to drafting full sale documentation. This payment will be applied to your flat rate Professional Practice Sale price if you choose to go forward with the purchase. Includes exclusive dealing and non-disclosure clauses as desired. Please call or write to request this service.
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Compare Advantages of C corporations vs. S corporations
One or two shareholders, equal ownership, common stock only (Add $200 per additional equal shareholder). Price is ALL INCLUSIVE; filing fees, legal consultations, name availability, Articles, Bylaws, Election of Directors/ Officers, Minutes of First Board Meeting, Assignment and Employment Agreements, S Election or Medical-Dental Reimbursement Plan (as applicable), Stock Certificate issuance, California regulatory and securities filings, Employer ID Number, EDD Notification, over-the-counter filing, corporate kit, and all other expenses are included in price.
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For the sharing of expenses and/or assets between two or more practitioners sharing a single professional office, while keeping income, and specified expenses and/or assets separate. Expenses are specifically allocated and may be shared equally, prorata to production, or to allocated to each individual practitioner. Note: the continuing professional relationship resulting between the parties may create the need for buyout arrangements between the parties (see note at bottom of page). Please call or write for details.
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For your employee or associate (independent contractor) dentist. Compensation by day rate, production, or collections. Call or write for details.
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For the mandatory or optional purchase of a departing shareholder's or partner's ownership interest in the practice after death, disability, loss of license or retirement. Life and/or disability insurance may be purchased (and premiums sometimes deducted) to cover such a buyout.
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Compare advantages of Corporations vs. LLCs
Lender required "single asset" LLCs for taking title to California investment real property. Price for living trust, individual, or married couples only. Price is ALL INCLUSIVE; legal consultation, all filing fees, LLC-1 Articles of Organization, LLC-12 Statement of Information, LLC Operating Agreement, Employer Tax ID Number Application, overnight over-the-counter filing in Sacramento, and all other expenses included in price. NOT available to licensed California professional practices. Does not include real property deeds or recordation.
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Compare advantages of Corporations vs. LLCs
Up to five members with completely equal ownership, management and distribution interests. Price is ALL INCLUSIVE; legal consultation, all filing fees, LLC-1 Articles of Organization, LLC-12 Statement of Information, LLC Operating Agreement, Employer Tax ID Number Application, overnight over-the-counter filing in Sacramento, and all other expenses included in price. NOT available to licensed California professional practices. Does not include real property deeds or recordation.
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(Out-of-state attorney referrals provided to practice sale clients for incorporations, LLCs, and other business organization / contract issues) |