Ownership and transitions
Exit strategy
The owner's plan for how and when to leave the practice and what to do with its value, such as a sale, a phased hand-off or a close.
An exit strategy is a plan for leaving a business. The SBA describes the task as creating a thorough plan to transfer ownership, sell or close the business, and it points owners to local guidance for planning their exit.
For a dental owner, options may include a full sale, a sale to an associate, a sale to a group, or a partial exit. It connects to succession planning, practice valuation and taxes.
Every choice has legal, tax and financial effects. Owners should talk to an attorney, a CPA and a financial adviser. This entry explains the term and does not recommend any option.