Who Can Own a Dental Practice? Anyone, in Some States.

Image courtesy of adamr freedigitalphotos.net

Image courtesy of adamr freedigitalphotos.net

A lawsuit recently filed against Aspen Dental Management, Inc. is shining a spotlight on state laws regarding who can, and cannot, own a dental practice.  The allegations of the plaintiffs in the Aspen lawsuit rely heavily on state laws prohibiting non-dentists, such as Aspen Management, from owning dental practices.  Unfortunately for the Aspen plaintiffs, however, these laws are no longer as widespread as they once were or as widespread as the suit alleges.  In some states, including Wisconsin, anyone, including a non-dentist, can own a dental practice.

At one time, the laws of most states prohibited corporations, like Aspen Management, from owning dental or medical practices.  The theory behind these laws was that only a person, not a corporation, could be licensed to practice medicine or dentistry and, therefore,

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How to Use SBA Loans to Finance Your Dental Practice

If you need financing for your dental practice, you should consider an SBA loan. In 2011, more than 53,000 new SBA loans for approximately $19.6 billion were approved by the United States Small Business Administration (SBA). Although these loans require a little more paperwork than conventional loans, the benefit to a small business, which often comes in the form of a better interest rate, can be considerable.

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