DWI CPD Test: What To Do When You Sell Your Dental Practice

1. What is the first thing to consider when planning to sell a dental practice?

New paint color

Financial preparation

Hiring new staff

Buying new equipment

2. Why is getting an accurate valuation of your practice important?

To calculate the selling price

To reduce staff salaries

To change patient fees

To avoid paying rent

3. Who typically helps with the legal side of selling a practice?

A travel agent

A solicitor

A bank teller

A patient

4. What financial record is most important for a buyer to review?

Family photos

Staff birthdays

Practice accounts

Advertising leaflets

5. What is a common tax consideration when selling a dental practice?

Business asset disposal relief

VAT on toothbrushes

Council tax

Parking permits