The Importance of Having a Business Succession Plan
You’ve worked hard and spent the better part of your life building your business. Your years of work have paid off, and you have created a successful enterprise that has provided you with a good quality of life. But as you come closer to the day when it will be time to exit your business, […]
CPA and Accounting Practice Succession in 2019 – Part 4 of 4
There are 3 previous blogs related to this final blog on CPA succession in 2019 and beyond. This final blog will provide a checklist, so to speak of the different ways one should prepare and plan for succession. Mergers have become the preferred method for buyers who generally provide some cash to the selling firm […]
CPA and Accounting Practice Succession in 2019 – Part 3 of 4
Parts one and two of this series have focused on how succession (mergers & acquisitions) will be affected in 2019 by the rapidly changing CPA environment. We discussed small firms defined as $1,000,000 or less in revenue and how the demand for these firms will remain strong in 2019 and beyond. We also discussed how […]
CPA and Accounting Practice Succession in 2019 – Part 2 of 4
In part one of this blog, we discussed how we believe that small CPA firms will remain in a seller’s market in 2019 and why. The nature of small firms, which we described as less than $1,000,000 with a single partner, carry a very different buyer pool, risk profile and complexity. This creates a completely […]
CPA and Accounting Practice Succession in 2019 – Part 1 of 4
The M&A world for CPA firms should continue to be strong in 2019. In a recent article in Accounting Today a panel of experts weighed in with their thoughts and predictions for 2019 and beyond. The overview on the market was that 2019 should be a very active year as the baby boomer population retires […]
