As you may have seen in some of our previous blog posts, the last few years have seen the rise of many dental groups throughout the UK.
With practices across the country facing financial difficulty, we have seen even more dental groups either spring up or continue to grow as practices are snapped up at lower-than-expected prices.
Whether the groups consist of just a couple of practices or even a dozen, dental groups are becoming more common and are growing all the time.
Importance of Structuring Your Dental Group
One of the problems we’ve seen dental groups making is primarily with how they are structured.
The problem is that many groups simply grow by raising the finance the purchase new practices, surgeries and equipment and they give no thought to how the businesses are structured.
In other words, they haven’t considered the tax consequences of how their group should be structured.
For instance, if you own several dental practices but some are held under your own name, while others are held as limited companies, this can have real consequences to your accounts and tax later on.
This is especially true once you start to grow your group further.
Selling Your Dental Group
One of the reasons that the way your dental group is structured is so important is when you come to the exit.
After all that hard work building your dental group, you want to make sure you get the best price possible, as well as a clean and smooth break.
A clear structure to your business holdings makes this much easier.
Restructuring a Dental Group With Samera
If you’re in a situation where your dental group is growing, but needs a little bit more structure, or if you’re thinking about starting your own dental group – we are here to help.
Not only are we experienced business advisors, we are also dental practice owners ourselves. We know exactly how to build your dental group so that it is structured in a way that helps you build the most value and get the best price when you sell.
Contact us today to find out more about structuring your dental group.
Further Information on Growing a Dental Practice
If you’re thinking about expanding your business, we can help. You can find out more about our financial services or book a free, no obligation consultation with one of our team to find out how we can help you grow your dental practice.
For more information on how to grow a dental practice, check out the articles and webinars in our Learning Center.