25+ Documents Required for Closing a Dental Practice Transition

Closing on a dental practice can be exciting and anxious at the same time. After receiving closing instructions from your bank, it’s time to start getting your documents in order. Here’s a list of what you’ll need to bring to the closing, whether you’re the buyer or seller.


  • Asset/stock purchase agreement
  • Goodwill agreement
  • Non-compete agreement
  • Asset allocation
  • Re-work
  • Lease/real estate purchase
  • Selling doctor’s employment agreement
  • Operating agreement (if buy-in or merger)


  • Lease or purchase agreement building (6 weeks)
  • Asset/stock purchase agreement (4 weeks)
  • Goodwill addendum
  • Non-compete agreement
  • Asset allocation
  • Bill of sale
  • Independent contractor or employment agreement for other doctors in practice (1 week after purchase agreement complete)
  • Proof of insurance (4 weeks)
  • Business insurance
  • Property insurance
  • Life insurance
  • Disability insurance
  • Organization documents (varies widely by state)
  • Articles of organization
  • Incorporation and certificate of good standing
  • IRS letter of EIN
  • Operating agreement if a partnership (2 weeks)
  • DBA document (1 week)
  • Bank account/wire instructions for receipt of loan proceeds
  • Current state licensing documents/NPI number/DEA registration
  • Debit agreement from bank for loan repayments
  • List of insurance plans currently in-network with
  • List of plans the buyer is credentialed with currently
  • Direct deposit into the new bank account, if necessary
  • Operating agreement (only if entering a partnership or merger)
  • Promissory note
  • Collection agreement (collection basis, per diem or base salary for transition period)
  • Lease or building purchase agreement finalized

What’s next?

Contact the experts at Professional Transition Strategies to help get you one step closer to closing on the dental practice of your dreams.