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Natori Law Office LLLC

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1003 Bishop St • Pauahi Tower • Suite 1360 • Honolulu, HI 96813
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  • Home
  • Our Attorneys
    • Nathan Natori
  • About Us
    • Your Initial Meeting
    • Clients
    • Testimonials
    • Fees
    • Outer Island
      • Big Island
      • Maui
      • Kauai
  • Practice Areas
    • Real Estate
      • Purchase & Sale of Hawaii Real Estate
      • Agreement of Sale
      • Commercial
      • Encroachment
      • Eviction
      • For Sale by Owner
      • Landlord / Tenant
      • Brokers & Realtors
      • Water Rights
      • Partition
    • Business
      • Forming A Business
      • Acquiring A Business
      • Corporate Governance
    • Financial Institutions
    • Construction
    • Debt Collection
    • Finance
    • Foreclosure
    • Franchise
    • Health Care
    • Land Use
    • Lobbying
    • Nonprofit
    • Public Utilities
    • Guardianship
    • Probate
  • News
  • Articles
  • Contact Us

Issues You Must Know About In Your Purchase or Sale of Medical & Dental Practices in Hawaii

In Hawaii, the purchase and sale of medical or dental practice is never “cookie-cutter” because in each transaction there is something unique. For example, in each transaction either the buyer is:

  • Purchasing the office (so standard due diligence is required such as inspections and review of Declarations),
  • Taking over the existing lease (so lease review and lessor’s consent are required as well as estoppel from the lessor), or
  • Entering into a new lease as a condition of the sale (so lease negotiation is required).

Thus, a significant component of the transaction is the conveyance of Hawaii real estate.

Other Issues After the Purchase

Then are issues such as:

  • What happens to the existing employees (involves employment concerns),
  • What happens to the retiring physician or dentist (involves independent contractor concerns),
  • What happens to the medical records (involves health care concerns), and
  • How the younger physician/dentist will pay for this (involves finance concerns) all complicate matters even more.

Add into that mix that although the Hawaii retiring physician/dentist may feel his or her practice has a certain value, federal health care law prohibits what factors can be considered in that valuation.

In summary, although not “cookie-cutter”, because of my broad background, there are a lot of similarities that allow me to efficiently document the deal to the satisfaction of my clients.

Contact me if you’re a potential seller or buyer of a Hawaii medical or dental practice and need legal help in documenting your handshake deal.

More Articles on Hawaii Corporate and Business Law
  • Duties Owed By a Hawaii Agent to its Principal
  • Hawaii LLC Formation: Manager-Managed Versus Member-Managed
  • How To Acquire An Existing Hawaii Business
  • Incorporating In Hawaii
  • Issues You Must Know About In Your Purchase or Sale of Medical & Dental Practices in Hawaii
  • Owner’s Liability for the Debts and Obligations of a Hawaii Limited Liability Company
  • Setting Up Your Hawaii Business Entity for the Small Business Administration’s 8(a) Business Development Program
  • Transacting Business in Hawaii and Licensing
  • What Happens When a Hawaii Corporation Has Been Administratively Dissolved?
  • Why Using the Hawaii Department of Commerce and Consumer Affairs Business Registration Division’s Limited Liability Company Articles of Organization (Form LLC-1) Maybe a Mistake
  • Why You Would Need an Operating Agreement for Your Hawaii LLC

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Aditya S.

Nathan is thorough, detailed, and knowledgeable.

Natori Law Office LLLC
1003 Bishop St
Pauahi Tower, Ste 1360
Honolulu, HI 96813

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The information and content on this website is not formal legal advice. It is for informational purposes only. There is no legal association with the Natori Law Office LLLC based upon your viewing this website. You do not have any attorney-client relationship with the Natori Law Office LLLC unless you have formally retained the Natori Law Office LLLC to represent you by signing its engagement letter and complying with its terms.