The choice for any Dentist to commence their own Practice is one of the biggest decisions they will make in their career.  While the clinical setup of the Practice is extremely important there is usually a lack of clarity on key taxation and financial matters in setting up or buying into a Practice.  

This seminar will introduce Dentists to the critical considerations for the journey into establishing and running their own profitable business into the future.

The choice for any Dentist to commence their own Practice is one of the biggest decisions they will make in their career. This comprehensive workshop that will consider all financial aspects in this critical decision making process.

Topics include

• Business Structuring and Asset Protection
• Taxation Essentials for commencing in Practice
• Finance - funding the purchase and other finance considerations
• Insurance Essentials – business and personal
• Key Performance Indicators and Benchmarking
• The power of Superannuation and renting / buying your surgery
• Valuing a Practice and key considerations prior to buying

Learning Objectives

Participants will walk away from this seminar with a practical understanding of:

• How to structure the setup and different structuring entities
• Asset Protection vs Tax Efficiency
• Key taxation tips and traps when starting out
• The difference between employees vs contractors
• How to fund your practice purchase and setup
• Tax Deductible Debt strategies
• Key Performance Indicators for your Practice
• The insurance essentials for those starting in private practice
• The benefits of owning your surgery within your SMSF