A Lab / Dental Office Partnership?
Daniel Snyder · Sep 6, 2013 at 5:49pm
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 looking at their work. Either be their employee or have your own business.
Posted Sep 6, 2013 at 5:49pmSep 06 2013, 5:49:45 pm
Thomas Holliday
1 comment by 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
Daniel Snyder
Owner at Snyders Handcrafted Dental Lab · Vacaville, CA
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...