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- Select a CPA and attorney
- Make an offer to Seller
- Apply for financing
- Apply for life and Disability insurance for Mortgage company
- Lease-Assignment or new lease in Buyer's name (Note: Unless otherwise negotiated, any security deposit on record will be returned to Seller)
- Equipment leases - if assuming, call lease companies for assumption documents
- Review all Sales Contract documents
- Review Accounts Receivable if being purchased
- Check regulatory compliance status (see attached "Regulatory Compliance Needs Assessment" form)
- Prepare Letter of Transfer (introduction to patients)
- a. Include seller's letter to his patients, with Buyer's approval
- b. Include buyer's patient list (if applicable)
- Review appointment book to see if there needs to be changes in scheduling
- Obtain Federal I.D. and State I.D. numbers (usually applied for by CPA)
- Transfer Seller's unemployment rate to Buyer if beneficial to Buyer (see CPA) if, after closing date, Seller will not be paying payroll taxes in the State of California
- Get Nitrous registration and lease or rental (if applicable)
- Get applications, licenses, permits
- a. Dental Society Application
- b. GDA Application
- c. Fee schedule
- d. Narcotics license e. x-ray registration
- f. City business license
- Set up meeting with employees
- Decide on employee benefits (what kind and how much?)
- Enroll with dental insurance carriers
- Bank Account - Business (order endorsement stamp)
- Select business systems - Accounts Receivable/Accounts Payable
- Select dental lab
- Order stationery, business cards, prescription pads, announcements. etc.
- Plan open house
- Prepare newspaper announcement, if applicable
- Notify State Board [GA 404-636-7553]
- Perform UCC-1 filing, if Seller holds a promissory note
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