I have heard comments about too much "overhead" on threads regarding dental practices. I am curious as to how much the overhead effects the finances of a practice. If anyone would like to share what their general dentistry clinic or specialty clinic pays out to workers as well as for rent/supplies/insurance and anything else I may have not factored in in addition to their gross income, and final net income I think it will shed some light/truth to the matter.
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Do you own your own practice?
Started by bboyEncore
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bboyEncore said:
Do you want our corporate tax returns too?
Seriously, what information do you want? Do you want general practice averages? Percentages?
And most importantly what area of the country?
Fullosseousflap said:
Yes to all of the above. I would like to know everything there is to know about the finances of a practice, including taxes, overhead, net income whether it be averages and or percentages and anything else that should be considered. I also understand that certain areas (such as North Carolina) have a greater demand for dentists and thus higher income, and so yes if you have knowledge on geographics that would be greatly appreciated. Thanks.
tongiecc said:
Ok, more detailed stuff later...got errands to run.
Generally, your note to buy an exisiting practice or to start from scratch is around seven to ten years. Remembering the longer the term the more interest you pay.
The best practice loans allow you to pay them off early, if you wish (some do not allow this, however).
