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.
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
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
Click here for a chart that shows the key components of
a lifetime income and estate projections
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
We look at strategies that protect the principle and provide
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
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.