| After receiving correspondence from the Department of Labor notifying the practice owner of an audit, practice owners often ask, “Why am I being investigated?” The following list includes reasons and complaints that may instigate a Department of Labor audit investigation: |
| Many dentists struggle to terminate the dentist/ patient relationship. Relationship termination can be crucial to practice risk management, but improper relationship termination can lead to legal trouble. The list below contains legal justifications for terminating the dentist/ patient relationship: |
| Top 5 Current Cybersecurity Threats Include: |
| All dental associate contracts should include the following items: |
| The Hiring Process |
| – Accurate job description developed for all positions – Job application submitted with required forms (background check, reference check, credit check release) – Is your job application compliant with the law? – Completed reference checks – I-9 forms completed with proper identification – Important medical information and emergency contacts gathered and filed – Proper identification of independent contractors – W-4 forms completed and submitted to the IRS – Personnel files kept (and kept current) |
| Cybersecurity Program Basics |
| An effective cybersecurity program will: – assign responsibility – identify information asset – conduct periodic risk assessments – implement security controls – monitor effectiveness over time – conduct regular effectiveness reviews – address third party risks |
| Within the past several years, technological advances have swept the business industry. The dramatic increase of technology used daily has drastically increased the importance of cybersecurity measures to protect private data. The following list outlines some of the greatest threats in cybersecurity for a business: |
| As a business owner, your estate planning is crucial to address personal matters as well as business matters. Below is a list of important documents to organize: |
| 10-12 Months Before Opening • Create a thorough business plan • Develop your business philosophy • Determine all major expenditures and establish a budget • Hire an attorney, CPA, and a broker • Evaluate locations |
| In addition to financial issues and considerations, there are numerous legal issues involved in a transition. An attorney experienced in the nuances of business transitions should always assist the buyer in the following issues: |