Types of Credentials for Appraisers All appraisers are required to follow the Uniform Standards for Professional Appraisal Practice (USPAP). Think of this as the check list that appraisers need to follow for every assignment. Appraisers in the business valuation field need to take a 7 hour USPAP class every 2-5 years, while real property appraisers […]
Category: Business Valuation
How to get a Bank Loan
How to get a bank loan to buy a business If you have a medical license you are in luck. Banks are aggressively pursuing this portfolio and will compete to get your business. Wells fargo’s practice finance division in Emeryville CA (was matsco years ago) Bank of America has a practice solutions division Both of […]
Vlog
The Medical Valuations Vlog Menu: Bitcoin & Other Bubbles 2018 Tax Changes How to get a bank loan When to use the Rule of Thumb MV Intro VLOG 12/22/17: Bitcoin & Other Bubbles I meant to put this video out last week, but I had some trouble editing it and then it kind of slipped […]
SBA Loans
If You Are in the Medical Field Don’t do a SBA Loan In general SBA loans aren’t a bad thing, it’s just that the government forces banks to comply with their SOP book that is like 400 pages.
How to Split Profits With a Partner
Thinking about adding a new partner into your medical practice? How are you going to split profits? Depending on your entity status you probably have been taking your salary/draw in a tax efficient way. Also, many of you have been using the practice as your personal check book in an effort to lower your taxes. […]
Medical Practice Valuation
Medical Practice Valuation: Within the Rules Established by the Uniform Standards of Appraisal Practice (USPAP) The USPAP rules have been adopted to ensure minimum standards for appraisal reports. The valuation process described herein complies with the rules followed by the American Society of Appraisers (ASA) and the American Institute of Certified Public Accountants (AICPA).Here are […]
Should You Use a Broker?
Are Brokers Unbiased? Business brokers put a selling party and a buying party together, and they help the parties arrive at a purchase price and generally draw up some, or all, of the contracts necessary to complete the deal. Business brokers are paid on commission, which is usually 10% of the purchase price. As a […]