Posted: September 25, 2015
For many practitioners, planning for their succession is often viewed as an inconvenient but necessary medical procedure, if they ignore the problem long enough their hope is that it will eventually go away. The reality is that you can never launch a succession strategy too early, but conversely, you can easily wait too long.
Posted: July 24, 2015
Firms are retiring and buying out partners at a pace never seen before and many of us are looking at our partner agreements and firm valuations for the first time in a long time. Have you structured the buyout provisions in a way that remains fair to all and affordable to the firm?
Posted: June 18, 2015
Small, medium and large firms are having considerable challenges with succession according to a recent CPA Consultants' Alliance survey.
Posted: September 4, 2014
Many small and sole practitioners put in a lifetime of hard work in building their practices, but they often don’t devote the time necessary to consider how to properly position and promote their firms when it’s time to sell. The more the seller prepares, the more successful the outcome is likely to be.
Posted: August 29, 2014
If you dream of occupying a corner office at your firm, making important strategic and financial decisions, and leading a team of accounting professionals toward growth and success, then it’s important to make sure you are a part of your firm’s succession plan. Here are five ways to help make certain your name is brought up as a viable firm partner candidate in the future.
Posted: May 27, 2014
The succession or exit by a business owner is usually the single largest financial transaction in their lifetime with a lot at risk. A true and properly prepared exit plan offers the following five core tenets for an owner.