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Solutions for Sellers

Selling a medical practice has always been a very individualized experience. You have devoted your time, money and energy to building, running and operating your practice, it may represent your life’s work. You have decided it’s the right time to sell, and you want the very best professional guidance you can get.

Selling a medical practice is not an easy task. The particular structure and terms of the sale should be negotiated and memorialized with the professional help from the right advisory team. It can save money and provide valuable input as to the best structure and terms for the sale.

ProMed and its Affiliates will simplify the process and work to get you the most out of your sale. All aspects of a sale are analyzed for the best possible outcome.

Tax Reduction

One of the most important factors that you will face when selling your practice is how much capital gain taxes you will have to pay upon the sale. Did you know that capital gain taxes are voluntary? Click here to learn why
Are you currently overpaying your income tax? The income loss can show you exactly how much unnecessary tax you are paying on your income. Click here to take the test


Lifetime income projections


It is critical for you to develop a lifetime income and estate projection before you consider a sale or transition. ProMed Solutions can create a projection using all of your assets, a conservative growth rate, a reasonable inflation rate and then project the asset and estate values out past life expectancy.

The reason we want to do this is to plan now which assets we are going to be receiving income from, which assets we need to sell so we can maintain our constant proactive retirement income until after life expectancy. We do not want to outlive our income.
Click here for a chart that shows the key components of a lifetime income and estate projections

Estate Planning

It was once said that the government imposes a tax they never take it off, this is especially true when it comes to estate taxes.

Estate taxes or some call it success tax are imposed when people try to leave property to others when they die. With 80% of Americans making less than $200,000 a year and the average estate value at $253,000 why should we even care about estate taxes or probate? Most professionals have life and disability insurance to cover any potential death or disability during the years they are practicing. Life insurance is includable in the estate of the individual at death. So if you own a practice, a home, have retirement plans and significant amount of life insurance your estate value could be over the current unified credit limit.

Over 80% of Americans have a will but only 3% of Americans have a living trust. Click here to see what type of estate plan is right for you

Retirement Planning

We look at strategies that protect the principle and provide guaranteed returns.

Many of our clients invest in nontraditional investments that are not correlated to the stock market, affected by economic downturns and are not based on future profitability of any one group of companies.

We have money managers who employ strategies in both a bull and a bear market.
ProMed Solutions can educate you to all the alternatives so that you can choose the right strategy that will allow you to create and keep personal wealth and retire with financial freedom

Investment Planning

As investors, we need to keep in mind the follow four principles

You should always take the least risky approach to accomplishing your financial goals. If your goal is to make 3% a year then you should buy treasuries bills and forget about it. If your goal is to make 8% to 10% a year you will have to take more risk.

You should utilize investment approaches that increase the odds of achieving your financial goals but never take more risk than is necessary to achieve your financial goals. These would be guaranteed investments and investments that are not correlated to the stock and bond market.

Investments should always have forward-thinking asset allocation. You can make substantial returns in both up-trends and down-trends of the market by indentifying market conditions ahead of time and positioning your assets appropriately.

Last but most important, you should make investments were a zero rate of return annually is the worst return you receive on your investments. This is important because, the preservation of your principal is more important than the gains you make on your investment. Click here to see how to invest safely with maximum return.

 

 


 



   

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