the big issues owners would rather ignore – until it’s too late.
by brannon poe
we always hear about the lack of succession planning for cpa practice owners, but we find that a few key planning pieces can make a huge difference.
in fact, we get a lot of calls from owners who are three to five years away from selling. the key issues really don’t take a tremendous amount of time or complex planning. most of the difficult planning issues are the ones that only owners can answer anyway. a little guidance coupled with common sense will generally pave the way to a smooth succession.
here are five key areas of succession planning that we most commonly encounter:
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