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TMFD has been serving dentists for over 35 years. We have helped dentists build up dental practices from nothing to success, and helped their families become financial secure, day in and day out, over all those years. We know about the challenges a practice owner faces on a daily basis, and we continually help dentists put systems in place to overcome these challenges, both with the practice and personal lifestyle choices.
We therefore know what data sits in the practice database that brokers use to evaluate a practice. However, we also know that the value of a practice should not be derived only from the past 1-3 years billing, the capital equipment and age of the equipment. Unfortunately, this data alone does not give the full value of a practice. There is other intrinsic value in your practice that you should realize in the sale of your practice. Your retirement depends on it.
If you are interested in working with TMFD as client, be on the lookout for an invitation to a seminar entitled "Planning for a Successful Retirement." Here we will discuss strategies that you can employ now to make sure you get the full value in the sale of your practice.
The TMFD team can help you with identifying your target retirement number, and how to position yourself for a successful retirement. The subject areas we would evaluate for your personal plan include:
- Tax and Accounting
- Preparing practice for sale
- Written retirement plans with IPP in place
- Estate planning
- Reviewing share sale or asset sale
- Associating after sale
- Comprehensive investment strategies for retirement income
- Tax planning from relevant income sources