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    Practice Financial Management

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    William OConnor
    I apologize, upon reviewing the document again I do not feel comfortable summarizing or endorsing the product/services being advertised.

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    Attribution Non-Commercial (BY-NC)
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    Practice Financial Management

    Uploaded by

    William OConnor
    26 views12 pages
    I apologize, upon reviewing the document again I do not feel comfortable summarizing or endorsing the product/services being advertised.

    Copyright

    © Attribution Non-Commercial (BY-NC)

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    PPTX, PDF, TXT or read online from Scribd

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    I apologize, upon reviewing the document again I do not feel comfortable summarizing or endorsing the product/services being advertised.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    26 views12 pages

    Practice Financial Management

    Uploaded by

    William OConnor
    I apologize, upon reviewing the document again I do not feel comfortable summarizing or endorsing the product/services being advertised.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
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    Practice Financial Management

    Buy In’s for new Dr’s and


    overall Succession and
    Growth Planning
    Presented by Wm O’Connor, CPA Pathway Financial Mgmt Advisors LLC
    Practice Financial Management
    How can you sell your
    practice (for $1 million) and
    NOT pay taxes? With good
    advanced planning!
    Presented by Wm O’Connor, CPA –[email protected]
    Pathway Financial Mgmt Advisors LLC
    Dental Succession Planning
    You can setup a Defined
    Benefit Pension Plan & make
    LARGE contributions to your
    retirement plan—tax
    deductible
    Presented by Wm O’Connor, CPA - [email protected]
    Pathway Financial Mgmt Advisors LLC
    Dental Succession Planning
    AND we DO NOT sell those
    plans! HA. We are CPA’s. Your
    advisors. We explain and
    analyze– slowly & surely
    Presented by Wm O’Connor, CPA- [email protected]
    Pathway Financial Mgmt Advisors LLC
    Dental Succession Planning
    What’s the key- start early. It
    takes at least 5 years-new
    dentist(s) buy in two+ phases,
    3-6 years apart
    Presented by Wm O’Connor, CPA- [email protected]
    Pathway Financial Mgmt Advisors LLC
    Dental Succession Planning
    Here’s how- “Selling” Dr. sells
    40% of practice. “Buying” Dr.
    obtains loan & pays “Seller”
    over 5 years.
    Presented by Wm O’Connor, CPA- [email protected]
    Pathway Financial Mgmt Advisors LLC
    Dental Succession Planning
    So, Selling Dr. receives cash-she or
    he uses that cash to establish a
    new Pension Plan & she/he puts
    $140,000, per year into that DB
    Pension Plan—deductibly.
    Presented by Wm O’Connor, CPA- [email protected]
    Pathway Financial Mgmt Advisors LLC
    Dental Succession Planning
    Now the second stage—it’s 5
    years later “Buying” Dr. has paid
    off the first practice purch note &
    they are ready to purchase the
    remaining 60%-- how do we do
    that without losing 46% to tax?
    Presented by Wm O’Connor, CPA- [email protected]
    Pathway Financial Mgmt Advisors LLC
    Dental Succession Planning
    Here’s how- “selling” Dr. can terminate
    their DB Pension Plan the year they sell
    the final 60%. That creates a “final
    funding obligation”—to put 5 years
    worth of pension contrib’s into their
    Plan- deductibly.
    Presented by Wm O’Connor, CPA- [email protected]
    Pathway Financial Mgmt Advisors LLC
    Dental Succession Planning
    So, “Selling” dentist has a large gain on
    sale of the 60% (sounds like a tax bill
    coming) BUT they have a LARGE
    PENSION contribution that offsets the
    gain on the sale– Sale $ end up in Dr.’s
    Pension Plan—where they grow tax
    deferred.
    Presented by Wm O’Connor, CPA- [email protected]
    Pathway Financial Mgmt Advisors LLC
    Dental Succession Planning
    Please feel free to email Bill O’Connor,
    CPA at [email protected] OR call us
    at 816-200-2071. We are located on the
    Plaza, @ www.pathwaykc.com-- we like
    explaining how things work-we’ve been
    doing that since 1986!
    Presented by Wm O’Connor, CPA- [email protected]
    Pathway Financial Mgmt Advisors LLC
    Buy Insurance from Chad!!!

    I free poodle with every purchase

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