A Local CPA Firm Seeking to Merge Upstream for Professional and Financial Growth
This firm, Firm A, was generating $5,000,000 in annual fees and with five partners. Firm A has a specialty niche related to real estate run by one of the partners. The rest of the practice is a standard practice with small to mid-size businesses and high income and net worth individuals.  There was some tension in the firm with the specialty partner and early in the process he decided to leave the firm and set up his own practice. This was accomplished separate from the merger negotiations with our assistance. The four remaining partners merged into the new firm.

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The results are in!
The results for the survey question of Succession Advisory members are in! Is your buyout?

The results, of the 150 firms that responded, are:

• 61.1% fixed at the time you retire
• 20.4% variable one based on client retention for multiple years after you leave
• 15.9% other
• 2.5% variable one based on client retention for the first year after you leave

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We have complied articles about succession planning and mergers from all the best minds in the business. This will help you conduct research for meetings and retreats as well as create a succession plan or merger checklist. All articles are arranged by topic.
Click here to view the Succession Advisory book of articles.

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