Succession Planning for Accounting Firm Partnerships

Do you have an adequate succession plan? According to the AICPA, more than 65% of multiple partner firms’ do not have a Succession Plan.  More often than not accounting practice owners plan to deal with succession when succession is finally upon them.  Unfortunately, this can create a lot of unforeseen issues for staff, clients and the successor—and risk of lost value for the practice owner.

Whether you are contemplating selling to an outsider, merging with another firm, or selling/transitioning to a current partner or employee, you owe it to yourself to spend some time planning for it today.

Most webinars, seminars and conferences on Succession Planning tell us there is a problem and might give us 1-2 things to think about but it is all too easy to leave change to another day. Few programs dive deeply into the process to bring you to a point of action.

In just two hours, we will provide you with a different experience.

Questions Answered:

  • How does the Age Wave of Baby Boomers affect my firm?
  • Why should I develop a Succession Plan?
  • What are the challenges associated with developing a Succession Plan?
  • What type of succession is right for me?
  • How do I involve my partners and staff in the development of a Succession Plan?
  • How do I determine the value of my firm?
  • How will the development of a Succession Plan change the way I run my firm?

Course Objectives:

  • Discover the value of collaboration in the development of a succession plan
  • Learn the difference between an External and Internal succession and why it matters
  • Explore the advantages and disadvantages of an External Succession Plan and an Internal Succession Plan 
  • Identify the challenges associated with developing a succession plan and ways to overcome them

Who Should Attend:
Accounting practice owners (sole proprietors, single owners with staff, partners in both small and large firms) planning on exiting their firm in the next three to 30 years.

This is a live webinar session. Come with your questions and be prepared to participate.

Cost: $69.00 

Program Length: Two hours

Start Time: 10am Pacific, 11am Mountain, Noon Central, 1pm Eastern time

Program Level: Overview

Instructional Delivery Method: Group Internet-Based (webinar) 

CPE: Two units for two hours

 

NASBA CPE LogoProHorizons Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Ste 700, Nashville, TN, 37219-2417. Web site: www.nasba.org

EARN 2 HOURS OF CPE. No prerequisites, advanced preparation or course registration requirements necessary. For more information on our admistrative policies such as complaints, cancellation or substitution policies, please call our office at 800-729-3242.