Practice Transitions
Birmingham, AL
AGD Subject Code: 550 (Practice Management)
Teaching Method: Lecture
OUTLINE
This seminar offers a comprehensive guide to navigating the complexities of buying or selling a practice, bringing on (or becoming) an associate or junior partner, and related issues. We cover everything from the basics, like "when is the right time to retire?", to specifics, such as how practices are appraised and how to structure the sale or buy-in to maximize tax benefits. Both buyers and sellers will gain insights into structuring fair transactions, avoiding common pitfalls, and maximizing long-term benefits. Often, both parties attend this seminar together to learn the issues and how they can be fairly resolved. By the end, you'll have a clear roadmap for successfully managing a practice transition, with a focus on financial, legal, and tax considerations.
COURSE OUTLINE:
The seminar will cover the pros and cons of the various issues from each side's point of view. This is a no-nonsense, intensive course which will include such topics as:
- When is the right time to retire?
- Finding a buyer or seller with or without a broker
- How practices are valued and how transactions are structured to maximize tax benefits
- Associate to partner – compensation, non-competes and the buy-in discussion
- The common blunders doctors make when selling or taking on a partner or associate
- Key partnership concepts: allocation of earnings and profits, voting, and a partner's exit
- DSO vs. traditional sales – when the DSO could make sense
- Post-sale considerations and preparing for retirement
Upon completing this course, the attendee will be able to:
- Take the appropriate steps to prepare to sell or buy their practice.
- Exercise common practice valuation methods.
- Know how to apply for financing and have an understanding of financing strategies.
- Apply basic contract negotiation strategies.
- Communicate effectively with their consultant or attorney to ascertain their preferred legal and tax structure for their practice transition.
- Better understand the tax implications and benefits that are associated with buying (into) or selling a practice.
- Understand what happens to a corporation at retirement.
HOTEL/RESORT
Grand Bohemian Hotel Mountain Brook
This boutique AAA Four Diamond hotel is minutes from downtown Birmingham. Local attractions include the Birmingham Zoo, and Birmingham Botanical Gardens.
$325 (plus taxes) per night includes:
- Complimentary car transportation within a three-mile radius of the hotel, based on availability.
- Exclusive 20% discount on Poseidon Spa services, Habitat Cooking School and Wine-Blending Experience
For those attending the Porsche Driving School, your reservation includes:
- Shuttle service to and from the Barber Motorsports Park
- Luxury car service to and from the Birmingham Airport
SOLD OUT!! (Inquire about wait list.)--- Porsche Track Experience: Barber Motorsports Park
The track at Barber Motorsports Park is one of the premier racing circuits in the world. This 2.38 mile, 16 turn course features a wide variety of challenging turns and elevation changes. In addition to hosting major events such as the Indy Car Series and the MotoAmerica Superbike Series, it is also home of the official US driving school of Porsche.
The Barber Motorsports Park features not only one of the most popular racetracks on the IndyCar circuit, but also a five-story museum awarded by the Guinness Book of World Records. The Barber Vintage Motorsports Museum features the largest collection of motorcycles and Lotus race cars in the world. The museum’s architecture itself is unique and beautiful for guests visiting from all of over the world. All Porsche Track Experience participants have an opportunity to visit the Barber Museum free of charge at the conclusion of their scheduled course.
Driving Program Details
Day 1 Itinerary:
6:45 AM: Arrive at Grand Bohemian Lobby
7:00 AM: Shuttle leaves from Grand Bohemian Hotel
7:30 AM: Registration and Breakfast
8:00 AM: Introduction & Classroom Session: Vehicle Dynamics & Driving Line
9:00 AM: Driving: Track Sessions, Skid Pad, Autocross & Braking
12:30PM: Lunch
1:15 PM: Driving: Track Sessions, Autocross, Skid Pad & Vehicle Dynamics Exercise
4:30 PM: Day One Review
6:30 PM: Dinner with Driving Instructors at the Grand Bohemian Hotel
Day 2 Itinerary:
6:45 AM: Arrive at Grand Bohemian Lobby
7:00 AM: Shuttle leaves from Grand Bohemian Hotel
7:30 AM: Breakfast
8:00 AM: Classroom Session: Review
8:45 AM: Driving: Track Sessions, Autocross, Trail Braking & Skid Pad
12:00 PM: Lunch
1:15 PM: Driving: Track Sessions, Vehicle Dynamics Exercise, Skid Pad Comp. & Autocross Challenge
4:00 PM: Instructor Hot Laps
4:15 PM: Program Close
4:30 PM: Barber Vintage Motorsport Museum Tour
*NOTE: Regarding non-driving guests, we can accommodate up to 6 non-driving guests for a fee of $150/day. This $150 includes dinner on the first evening.
With respect to riding, guest are not allowed to ride in the car with their significant other at any time. They will have an opportunity to take a ride with one of our instructors for a hot lap ride at the end of day 2.
Spouses who are not driving can absolutely attend the dinner. There is a dinner fee of $100/person for anyone attending the dinner as a guest of a driving participant.
Cost per driver: $3,615 until July 1, 2024. *
*MUST PAY BY CHECK addressed to Collier & Associates
(50% deposit due by January 5, 2024 - balance due by August 5, 2024)
This fee includes Breakfast / Lunch / Dinner on Drive Day 1 and Breakfast / Lunch on Drive Day 2. It also includes the $300 Damage Limitation required for each driver, and complimentary admission to the Barber Vintage Motorsports Museum at the conclusion of driving on Day 2.
For more information on the Driving School, click here: Performance | Porsche Track Experience - Birmingham, AL (porschedriving.com)
SCHEDULE
Seminar Date:
Nov. 23, 2024
Please arrive at the meeting room between 8:15 a.m. and 8:30 a.m. on Saturday, Nov. 23, to sign in and receive course materials. The lecture will be held from 8:30 a.m. to 12:30 p.m., break for lunch and resume from 1:30 p.m. to 5:30 p.m. with question-and-answer periods before and after the meeting. Outlines will be used as a guide to the course.
It would be useful to have a list of specific questions ready, but we will also cover the most commonly asked ones in detail during the seminar. All course material will be provided while checking in on the first day. For complete candidness, tape recorders will not be allowed in the program.
Driving Dates:
Nov. 21-22, 2024
The shuttle will depart the Grand Bohemian each day promptly at 7:00AM. Guests are encouraged to be in the lobby around 6:45AM. One of our instructors will be staying at the hotel and will greet your group in the lobby/assist with getting everyone on the shuttle in the morning.
Day 1 Itinerary:
6:45 AM: Arrive at Grand Bohemian Lobby
7:00 AM: Shuttle leaves from Grand Bohemian Hotel
7:30 AM: Registration and Breakfast
8:00 AM: Introduction & Classroom Session: Vehicle Dynamics & Driving Line
9:00 AM: Driving: Track Sessions, Skid Pad, Autocross & Braking
12:30PM: Lunch
1:15 PM: Driving: Track Sessions, Autocross, Skid Pad & Vehicle Dynamics Exercise
4:30 PM: Day One Review
6:30 PM: Dinner with Driving Instructors at the Grand Bohemian Hotel
Day 2 Itinerary:
6:45 AM: Arrive at Grand Bohemian Lobby
7:00 AM: Shuttle leaves from Grand Bohemian Hotel
7:30 AM: Breakfast
8:00 AM: Classroom Session: Review
8:45 AM: Driving: Track Sessions, Autocross, Trail Braking & Skid Pad
12:00 PM: Lunch
1:15 PM: Driving: Track Sessions, Vehicle Dynamics Exercise, Skid Pad Comp. & Autocross Challenge
4:00 PM: Instructor Hot Laps
4:15 PM: Program Close
4:30 PM: Barber Vintage Motorsport Museum Tour
*NOTE: Regarding non-driving guests, we can accommodate up to 6 non-driving guests for a fee of $150/day. This $150 includes dinner on the first evening.
With respect to riding, guest are not allowed to ride in the car with their significant other at any time. They will have an opportunity to take a ride with one of our instructors for a hot lap ride at the end of day 2.
Spouses who are not driving can absolutely attend the dinner. There is a dinner fee of $100/person for anyone attending the dinner as a guest of a driving participant.
For more information on the Driving School, click here: Performance | Porsche Track Experience - Birmingham, AL (porschedriving.com)
REGISTRATION
REGISTRATION FOR PRACTICE MANAGEMENT WILL OPEN AFTER JANUARY 6, 2024.
Early Bird pricing is valid only till 60 days prior to the event. To receive Early Bird pricing, use promotion code earlybird50 at checkout.
- Regular pricing is valid if registering within 60 days of the event.
- At the Door pricing is applicable if registering on the day of the event.
- Attendance at the programs is limited to doctors and their spouses, and key office staff members, except by special permission.
SEMINAR ATTENDEE BONUSES
- Returning doctors who bring a new attendee will each get 10% off the seminar registration fee if registering together.
- Bigger Bonus for doctors who have attended 3 seminars in the last 5 years and bring a new dentist or veterinarian colleague, your registration is a gift from us—up to a $1500 value!
SPEAKER
Brandon Collier
Brandon is an expert attorney who specializes in representing the dental profession. He has headed the 50-year firm since 2010. As President of Collier & Associates, he is a nationally renowned expert in representing doctors in all phases of practice transitions. He writes the popular Collier & Associates Advantage Newsletter and lectures extensively at his own seminars and on behalf of many professional organizations. Brandon holds a bachelor's degree from the University of Pennsylvania, cum laude, a Juris Doctor Degree from Case Western Reserve University School of Law, and a Master's Degree in Taxation from the New York University School of Law.
Financial Disclosure: Brandon is the President of Collier & Assosciates, Inc. and a Partner in Collier & Associates Co., L.P.A
Seminar Registration
Promo Code: earlybird50
EARLY BIRD SPECIAL IF RESERVED BY SEP. 24, 2024: Doctor Only: $1125 | Doctor & Spouse: $1255
AFTER EARLY BIRD PRICING: Doctor Only: $1175 | Doctor & Spouse: $1305
Porsche Track Experience Registration -
SOLD OUT! *Inquire about waitlist.
NOTE: Since we have gone to contract, payments are nonrefundable. Please fill the form below to acknowledge that your tuition is nonrefundable. We advise that you obtain travel insurance to cover any unforeseen circumstances that may arise.
2024 Porsche Tuition Final Acknowledgement
If you have any questions, please call 216-765-1199 for more information.
Collier & Associates, Inc.
Nationally Approved PACE Program Provider for FAGD/MAGD credit.
Approval does not imply acceptance by any regulatory authority or AGD endorsement.
October 1, 2024 - September 30, 2028
Provider ID #209852
Collier and Associates, Inc. is an ADA CERP Recognized Provider.
ADA CERP is a service of the American Dental Association to assist dental professionals in identifying quality providers of continuing dental education. ADA CERP does not approve or endorse individual courses or instructors, nor does it imply acceptance of credit hours by boards of dentistry.
Collier and Associates, Inc. designates this activity for 8 continuing education credits.
CANCELLATION POLICY:
We understand that emergencies arise. If you can't make it to a seminar, please inform us in writing at least 30 days before the scheduled event date. The full registration fee (minus a $50.00 processing fee) will be refunded if we are notified in writing of the cancellation at least 30 days prior to the scheduled event date. No refunds are possible after this timeframe. For cancellation within 30 days, a credit will be provided towards a future seminar for medical emergencies only. Account credits must be used within one year of the issue date.
* Collier & Associates, Inc. is not responsible for reimbursement of any registrant's expenses related to a cancelled or postponed seminars. Understanding the cancellation policy for contracted hotels is the responsibility of the attendee.
As a courtesy, C&A would very much appreciate your informing us as soon as possible of any cancellations intended so that we can alert those who are on waiting lists, which allows them time to schedule their flights. Thank you for your cooperation!
Travel Insurance Options
C&A has partnered with Travel Guard and CSA Travel Protection (Generali) to help attendees feel secure while traveling. Click on an image below to obtain coverage information and build your quote.
Please note that while Collier & Associates, Inc. is authorized to sell Travel Guard (AIG) and CSA products, our staff are NOT licensed agents and cannot answer any policy questions. Only Travel Guard or CSA agents should address all policy questions. Thank you!
Travel Guard Customer Service Line: 800-927-4357
CSA Customer Service Line: 800-348-9505