A Lab / Dental Office Partnership?
James Cutshaw · Jan 3, 2013 at 5:05pm
James Cutshaw
I had a great experience as an independent lab leasing space from an account. If your going to be independent, set a price for leasing space, equipment, and utilities. You should buy your own materials, or you'll be giving the landlord a piece or you outside work also. Be conservative in your lease pricing. The major benefit for the home account comes with all the extras you'll bring to the practice. Shading, appointment adjustments, never putting in a crown or bridge that is not glazed after adjustment, consultation, and about 50 other things you'll do at no charge!
Posted Jan 3, 2013 at 5:05pmJan 03 2013, 5:05:41 pm
Dental Lab Owners Association of California
Dental Lab Owners Association of California upvoted this
Lawrence Novero
Thomas Holliday
2 comments by Lawrence Novero and Thomas Holliday
Question
A dentist-friend has asked me to open a dental lab in her practice. She will be providing the material and equipment and I will be able to get outside clients. What percentage of my revenue do I give her? Do I do her work for free?
Answered By
James Cutshaw
President at Cutshaw Dental Lab, Inc. · Knoxville, TN
Build it and they will come! "Field of Dreams"
Daniel Snyder
This is a great way to lose a friend and an account if you don't keep everything separate. What if you use supplies they purchased on another case, how much does a cup of plaster cost? Who controls your time? Plus, other doctors don't want another DDS...[More] looking at their work. Either be their employee or have your own business.
Patti Glendinning
http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Independent-Contractor-%28Self-Employed%29-or-Employee%3F I would be leery of any business deal where you are not in control of your own expenses and revenue. Also, consider how this may...[More] be viewed from the IRS's standpoint as to whether...
Jesse Flor
There is a danger and a benefit to this situation because its a friend whos offering this opportunity. The most common problem I have seen as a consultant is the Dr requiring more attention than you initially expect. I would make sure you have a contract...[More] - Ideally one where you define it as a lease of...