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I had a few questions about how becoming an associate and a partner in a dental practice works?
- What exactly does it mean to become a partner in a dental practice? Does the dentist get a percentage of the profits instead of a salary?
- Does the dentist get a percentage of the business when it's sold?
- When an associate has an opportunity to get a buy-in or become a partner of the dental practice, do they have to pay a certain percentage to start receiving that percentage - i.e. if an associate pays 40% of the value of the business, he starts receiving 40% of the profits every year?
- How long do dentists stay as associates before they may have an offer towards partnership, if that option is available? (Like the average number of years they're associates)
