Focus on,

Starting a Dental Practice

Starting a dental practice can certainly be an overwhelming task. What documentation do I need to complete? Am I in the right location? How will I do marketing? What type of equipment do I need to buy? What if I fail? These are just some of the many questions going through your head. We have solutions!

entity formation document being signed by dental cpa

Step 1

Entity Formation, Secure Licensing & Legal Work

Dealing with the legal requirements of opening a dental practice should be prioritized as soon as possible. It can take months to secure the paperwork and credentials needed to operate as a dental practice in the United States. This is especially important if you need to register to be accepted by private and government insurance providers.

It’s also very important to secure the proper license in your state, have a national provider identification number, register with the DEA while complying with other local regulations that are different depending on the area your practice is located. O, and don’t forget you’ll be required to choose a legal structure for your business and register for state and local taxes.

We provide Entity Formation, Licensing, and Legal services.

Step 2

What is Your Budget?

If you’re wondering, “What does a dental practice cost?”, it can be anywhere from $250,000 to $500,000 depending on the location, type of equipment, and renovations you want. This is a very large sum of money and will in most cases require you to apply for a loan. 

A big mistake many start-up dentists make is to underestimate the initial cost of getting their business started. This can very quickly result in scrambling for additional funding with high interest rates or maxing out credit cards.

It’s very important that you estimate as best you can for initial costs to get your office up and running, and to sustain day-to-day operating expenses for the first few months. Don’t forget to anticipate any unexpected costs in your estimate.

We provide Financial Planning and Consulting Services.

Money in a jar with a plant in it
dental cpa office

Step 3

Location, Location & Location

Location is one of the most important things to consider when starting a dental practice. The socio-economic class of the community you are in will determine the type of services you can provide, what you can charge for your services, how you should approach your marketing strategy and so much more.

You also need to make sure you are located in an area that is not already overly saturated with established dental practices as it can be a struggle to gain new patients. These things all have a direct impact on your revenue which is why picking the right location has always been so important.

We provide Transitional and Dental Practice Consulting services.

Step 4

Purchasing the Right Equipment & Supplies

Furniture, equipment, software, supplies are just some of the requirements you will need to think of. This will determine the type of practice you will have, your brand, the services you provide,  how patients will interact with staff, and more.

We provide Consulting services for Dental Practice Purchases.

dentist working on a patient in his dental chair
dental cpa meeting in office

Step 5

What type of staff do You Need and When?

When starting a dental practice, you need to start thinking about hiring before you’re ready to move into a new office; make time in your schedule to screen and hire candidates for your new business. These people will be the gears of your system and if you do not choose the right people, it can seriously impact the success of your dental practice. Beyond salary, other considerations you’ll need to budget for are health insurance, time off, and other benefits.

We provide Practice and Staff Management Consulting services.

Step 6

How will You Attract Patients?

Without patients, your practice is just a building, but we are sure you don’t need us to tell you this. When starting your own dental practice, you will need to have marketed your practice, gotten the word out about your services, and secured that first line of patients.

A dental marketing agency is a very efficient way to achieve a constant flow of new patients while building a polished public reputation. Having a great website, local print, TV, and radio stations, as well as online, are all ways you can advertise your practice.

We provide Consulting to help you find the best Dental Marketing Agency for you.

a person working at a desk and doing dental marketing

Are you ready to meet us?

We Are Your Financial Experts.

972-267-9191 or Schedule a Consultation

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Have Questions?

Contact us at info@eandassociates.com or call us at (972) 267 9191 to schedule a consultation!