Checklist for Selling a Medical Practice in Texas
If you're a doctor considering selling your medical practice, it's crucial to understand the numerous factors involved. Selling your medical practice in Texas is not as straightforward as simply posting a closed sign, receiving payment from the buyer, and moving on. You must follow certain steps, procedures, and guidelines to ensure you are in compliance with the Texas Medical Board and the US Drug Enforcement Administration. The good news is that the process of closing and selling need not be overwhelming. With careful research and guidance from medical practice brokers, you can effectively navigate this journey and avoid costly mistakes. You can also refer to the checklist below to help you systematically organize your steps to sell your medical practice in Texas. 1. Plan for the sale of your practice Before you decide to sell your medical practice in Texas , it's crucial to acknowledge and process any emotions associated with this major decision. It's normal to