When you're looking at a practice for the buyer DENTAL INSURANCE NO WAITING PERIOD most lenders will require the last two years tax returns your licenses your driver's license your your dental license your DEA number things like that and you're going to have to go ahead and complete an application with your lender unless you've got private financing for this thing that's a necessary thing.
That you have to go dental insurance no waiting period for major services through for the seller most lenders will require a valley valuation that we talked about and banks are very good at looking at valuations to make sure that they're done according to generally accepted accounting principles they need that in order for them to be able to feel secure in giving you a sizable amount of money to purchase.
DENTAL INSURANCE NO WAITING PERIOD This practice they'll also ask for the tax returns on the practice and on the if it's a sole proprietor and they'll also ask for the corporate tax returns to will need profit and loss statements from the seller and we'll also have to have a business plan or a pro forma some banks don't need this as much.
If they feel so that all the information they've gotten out of a decently done valuation gives them enough comfort level for them to be able to provide the lawn you'll need one of the hidden benefits of dealing with an outside lending institution is that they're like a extra set of eyes to look at.
Some of the things that you're looking at as far as whether or not that practice is worth what you're paying some sales are seller financed and you lose that independent third-party looking at it if you're not using a lending institution so you're going to have to conduct a little bit more due diligence on that process.
if the sellers actually holding the note and if you are using a #linkedin lending institution lending institutions before they can go ahead and give the money for the practice purchase they can uncover some hidden liens that you wouldn't normally see if you're going to have a seller financed type of transition.
The next step in purchasing a practice is to put together a DENTAL INSURANCE NO WAITING PERIOD practice purchase agreement this is a very lengthy document it's fairly simple but it's a lengthy document that lists all the things that are necessary to purchase a practice one of the biggest parts of that is the warranties and responsibilities of each party and that's a long and lengthy aspect of the practice purchase
