Dental Startup vs Buying a Practice: Which Makes You More Money?

💼 Work With Me & My Team⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Book Free Introduction Call⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Email: king@kifedicpa.com📝 Episode Summary In this episode, we explore whether dentists should buy an existing practice or start one from scratch. Kingsley breaks down the financial risks, benefits, and key due diligence factors involved in each path, including patient retention, collections, fee schedules, startup costs, and practice transitions. He also shares real-world lessons from his brother’s practice acquisition and explains when starting from scratch may actually make more sense. The key takeaway is to run the numbers, understand the risks, and choose the path that best fits your goals before committing to a deal.🎁 Free Downloads⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠FREE - Tax Strategies eBook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The Dental Built to Own Blueprint⁠🛠️ Tools I Use & Recommend (includes my special discounts)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ADP (Payroll)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Gusto (Payroll)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠QuickBooks Online⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠🧰 Useful Resources⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Elect S-Corp (Fax IRS Form 2553)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Get a Free EIN (IRS)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Pay Federal Estimated Taxes (IRS)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⚠️ DisclaimerThis podcast is for educational purposes only and doesn’t create a CPA-client relationship. Tax outcomes depend on your facts, income, and state rules. Always consult your tax professional before implementing strategies.#DentalPodcast #DentalPracticeOwnership #DentalPracticeAcquisition #DentalStartup #DentistEntrepreneur #DentalBusiness #DentistFinance #PracticeTransition #DentalCPA #DentalWealth