Mitigating Risk in Accounting Practice Sales Transitions
Going through a transition after the sale of a CPA practice or accounting practice is not generally a pleasurable experience for the principals, the staff, or the clients. A transition is simply the acts that CPAs and accounting practices take after a sale to effectively move the employees, and the clients to the new firm. […]
Accounting Practice Sales and Employment Agreements
The sale of most CPA and accounting firms are subject to a contract clause referred to as retention. This clause protects the buyer if the clients do not transfer to the acquiring entity. The firms sell this way because there is often a very personal relationship between the exiting principal and the clients. For this […]
