Do you have one or more partners who want to reduce their time commitment to your firm over the next 5 years or less? If your firm doesn't have the capacity on a partner level to replace all your partners internally, this session will help you get your arms around the totality of what you need to consider and when. 

Presenter, Joel Sinkin,  principal of Transition Advisors, has consulted on over 900 accounting firm M&A transactions. Joel has written widely and taught professionals about this subject in workshops, web casts, and coaching programs on behalf of the AICPA and many other organizations.

View the course syllabus.

Who Should Attend

• Partners of accounting firms wherein they have one or more partners who seek a role reduction in the next 5 years.
• Sole practitioners who have no internal successor

What You Learn

• What are the demographics of the industry relating to succession issues
• When should you start to plan for succession
• How do you value your equity and how has the economy and demographics of the industry changed the valuations.
• How are deals structured
• What items do you review in due diligence prior to selecting a merger partner
• The keys to retaining staff and clients through a succession plan
• What does the future look like for firms seeking succession solutions in the future compared with today as compared with the recent past.
• This session will walk you through actual case studies of deals

Benefits of Attending

• Learn how to create a win/win succession plan that gets the retirement minded practitioner (s) compensation for years of sweat equity and the successor firm profit
• Learn how to retain control of your firm, the same income while executing a transition plan simultaneously.
• Learn the pitfalls to avoid and the keys to a successful succession plan, one that retains the clients as well.

Program Level: Basic

Prerequisite: None

Advanced Preparation: None