Dental Practice Start-Up

Helping New Dental Practices Be Successful

Starting a new dental can be an exciting and overwhelming process. HDA Accounting Group PC Dental Services, a knowledgeable dental CPA, can provide guidance and suppot to new dental start-ups.

As dental practice advisors and CPAs, we can help you avoid common pitfalls and minimize future tax obligations. We'll work with you to evaluate your practice goals and objectives, and help you develop a start-up plan for operating your practice.

Dental practice start-up services:

Entity Selection

There are several ways to organize your business, each of which generates different legal and tax consequences. Further, there is no single form of entity that is appropriate for every type of business owner or individual practice. We are available to review your situation and assist you in choosing the best entity for your practice structure.

Business Registration

It is important that your business makes application with several federal and state agencies as part of the startup process. The practice will require a federal taxpayer ID number, a state taxpayer ID number (depending on your state), and a state unemployment account to be established for federal and state payroll taxes. Our firm will establish all of these accounts for you on behalf of your practice.

Loan Package Review

Following loan application, banks will provide you with a package that describes the specific terms and conditions of the loan which will vary depending on your work experience and financial situation. We will review your loan packages and present the advantages and potential disadvantages of each option available to you.

Accounting Controls

Prior to opening day, you will need to have procedures in place for depositing revenue into your business bank account. We will consult with you and provide examples of how to establish accounting controls for practice revenue, including cash & check deposits and credit card receipts. We can also provide you with a low cost and easy-to-use merchant services account so that you can accept Visa, MasterCard and Discover.

Contact Morgan Hamon at 800-453-0476 to discuss how we can help you with a successful dental practice start-up.

We offer a Free Initial Consulation to Dentists.

We work with dental practices in all 50 states.
Our offices are located in Denver, Montrose, and Telluride