Every firm has a unique set of circumstances that influence the development of a succession plan. The structure of the plan depends on many things:
• expectations of the partners, now and in the future,
• type of practice, tax, audit, specialty niches,
• firm revenues, current and projected,
• number and level of experience of staff people,
• client retention potential,
• timing, near-term or long-term,
• firm or practice
• culture of the firm.
Creating a viable succession plan that takes all these aspects into account requires flexibility, creativity and a broad range of resources. In our years of experience in the CPA industry, we have developed plans to meet the needs of all kinds of firms, from sole proprietors to multi-office firms with multiple partners.
Succession plans have included mergers, acquisitions, strategic alliances, defined benefit plans and buy-outs. For every firm, succession planning is personal and unique. We will work with you to develop the best plan to meet your needs and expectations.
