The following is a list of items that need to be ordered or completed by the Purchaser when purchasing a dental practice.

PRE CLOSING

• Purchaser should complete a customer count
• Fee schedule review
• Complete loan applications for down payment (or total purchase price) with at least two lending institutions
• Complete a lien search
• Review contracts
• Establish Purchaser corporation and practice name to be used after the Closing
• Obtain required life and disability insurance for lenders
• Obtain required liability insurance
• Obtain required workers compensation insurance
• Determine amount and due date of tenant deposit
• Do an inspection of premises prior to closing
• Complete on-line application for federal employer ID #
• Complete applications for existing managed care plans
• Open business bank account
• Order account "Deposit Only" stamp
• Apply for a credit card for business purchases only
• Complete applications for merchant # for M/C, Visa, Discover
• Obtain necessary city or county business license
• Obtain copy of employee benefits from Seller
• Obtain pro-rated vacation information from Seller
• Order name, address and telephone number stamp
• Order signature stamp and name only stamp

POST CLOSING

• Transfer telephone service to Purchaser name
• Transfer utilities from Seller to Purchaser
• Obtain W-4 and I-9 forms from employees
• Create an employee folder for each staff member
• Obtain state new hire form from each employee, if applicable
• Transfer white and yellow page listings to Purchaser
• Transfer software license and support to Purchaser
• Obtain back up procedures for current computer system
• Computer system new/or replacement
• Change federal ID # in computer software on Closing Date
• W9 tax forms
• Change provider codes to accommodate new A/R and provider numbers
• Change answering service/machine to include Purchaser name
• Order initial merchandise for Purchaser
• Order office signs to include Purchaser name
• Order business cards for Purchaser
• Order re-care postcards to include Purchaser name
• Order letterhead and envelopes to include Purchaser name
• Order Purchaser appointment cards
• Order billing envelopes
• Prepare welcome letter to new patients
• Referral thank you cards
• Obtain financial agreement forms (truth-in-lending)
• Order appointment book to accommodate Purchaser unless computerized
• Obtain applications for employment for all current and future employees
• Create employee personnel manual
• Set up accounts payable system for employer, including payroll
• Create settlement sheet