Succession Planning: Important Aspects Of A Successful Accounting Practice Sale

Course Description

Many accounting firms are offering estate planning or wealth management services, but ironically, a lot of CPAs aren’t necessarily ready for their retirement.

One in every four CPA firms currently faces challenges related to succession planning, according to a recent survey. Eight in 10 expect succession planning to be a significant issue for their firms over the next decade, said the survey.

With the same survey finding that only 44 percent of CPA firms have a succession plan in place, it’s clear many accountants have more work to do as it relates to planning for and funding their retirements and those of their partners. Among firms that already have a succession plan as well as firms that lack one, a common expectation is that they will be able to sell the firm. Nearly half of the survey participants pointed to merging with another firm as their first choice of an exit strategy. Solo practitioners, especially, are anticipating that a buyout or merger will play a role.

What are firms doing to make themselves more attractive in the event they decide to seek a buyer?

In this online CPE Finance webinar, we’ll look at specific ways to make your practice more attractive to potential buyers and increase your business’s worth.

The topics we’ll cover include optimizing your client base, client relationships, and mix of services; avoiding common mistakes when selling your practice; and pinpointing the ideal time and circumstances to market your business.

Learning Objectives

• To identify factors and characteristics that could make your practice more desirable to a buyer.
• To identify common mistakes and deal structures that lead to undesirable outcomes after the sale.
• To determine when a business should be sold and how to transition from one owner to another effectively.

Recommended For

• This online CPE/PL webinar is recommended for CPA, CFA, CIPM, CVA, CBA/MCBA, ChFCA, CASL, ChSNC, RICP, WMCP, FSCP, PFS, TEP, CSA, CFIRS, CWS, and Other Finance professionals engaged in or interested in guiding their clients for Succession Planning. 
  

Who Should Attend?

Webinar Qualifies For

• 1 General Credit for Accountant/Bookkeeper (ACCT./BK)
• 1 CPE Credit of Finance for Certified Public Accountants (CPA-US)
• 1 CPE Credit of Gift And Estate Planning for Certified Valuation Analyst (CVA)
• 1 PL Credit for Chartered Financial Analyst (CFA)
• 1 CPD Credit of Estate Planning for Personal Financial Specialist (PFS)
• 1 CPD Credit for Trust and Estate Practitioners (TEP)
• 1 CPE Credit for Chartered Financial Consultant (ChFC)
• 1 CE Credit for Certified Senior Advisor (CSA)
• 1 CPE Credit for Financial Services Certified Professional (FSCP)
• 1 CPE Credit for Chartered Advisor in Senior Living (CASL)
• 1 CPE Credit for Chartered Special Needs Consultant (ChSNC)
• 1 CPE Credit for Retirement Income Certified Professional (RICP)
• 1 CPE Credit for Wealth Management Certified Professional (WMCP)
• 1 PL Credit for Certificate In Investment Performance Measurement (CIPM)
• 1 CPE Credit of Gift And Estate Planning for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)
• 1 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
• 1 CE Credit for Certified Wealth Strategist (CWS)

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