{"id":100986,"date":"2022-11-03t12:00:10","date_gmt":"2022-11-03t16:00:10","guid":{"rendered":"\/\/www.g005e.com\/?p=100986"},"modified":"2024-08-07t23:10:19","modified_gmt":"2024-08-08t03:10:19","slug":"34-steps-to-implement-a-merger","status":"publish","type":"post","link":"\/\/www.g005e.com\/2022\/11\/03\/34-steps-to-implement-a-merger\/","title":{"rendered":"34 steps to implement a merger"},"content":{"rendered":"

\"\"<\/a><\/i>your staff will be much more comfortable.<\/strong><\/p>\n

by marc rosenberg<\/i>
\ncpa firm mergers: your complete guide<\/i><\/a><\/p>\n

most firms find that it takes three to four years to fully implement a merger. but during the first few months after the merger\u2019s effective date, there are quite a few administrative and procedural issues that need to be attended to immediately.<\/p>\n

more: <\/b>m&a: the six types of due diligence<\/a> | why solo cpas need pcas<\/a> | mergers: one stage or two?<\/a>
\n\"goprocpa.com\"exclusively for pro members. <\/span><\/strong>log in here<\/a> or 2022世界杯足球排名 today<\/a>.<\/span><\/p><\/blockquote>\n

most firms try to get as much of a head start as possible before the effective date.
\n<\/p>\n

merger implementation checklist<\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
action step<\/strong><\/td>\nassigned to<\/strong><\/td>\ndue date<\/strong><\/td>\n<\/tr>\n<\/thead>\n
1. get seller to bill out as much of their wip and collect as much of their receivables as possible prior to merger.<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
2. prior to the merger, compile the necessary data to allocate post-merger client invoices between work done before and after merger.<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
3. transition any wip by seller personnel who will not be working for the buyer.<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
4. decide how to contact seller’s clients about the merger; some in person, some by phone, all by mail.<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
5. make the contacts, per step 4.<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
6. convene a joint session of buyer and seller personnel as an orientation and introduction.<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
7. notify seller personnel of upcoming firm business and social events.<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
8. send formal, written employment letters to the seller\u2019s personnel, just as the buyer does when hiring their own personnel.<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
9. distribute employee\/personnel manuals; get signoff.<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
10. arrange for training incoming personnel in areas such as work product presentation, workpaper standards, work processes, technology, systems, filling out forms.<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
11. order new stationery, business cards and similar materials.<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
12. change signage.<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
13. handle checks from clients received that are due the seller.<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
14. physically move files, furniture, etc. agree on filing systems for client files and convert. move and cull files, if necessary, at outside location.<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
15. make decisions regarding it systems, health insurance, business insurance, general policies and procedures (work hours, vacations, holidays, expense reimbursements, etc.).<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
16. add seller personnel to health insurance, personnel files and cpe records.<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
17. distribute keys and building passes.<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
18. assign offices and workspaces to seller personnel; contract for and furnish more office space. arrange for necessary computer and telephone cabling.<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
19. decide salary levels for incoming personnel and get them on the payroll.<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
20. review buyer’s hardware capacity to handle seller workstations, application needs, etc. make necessary upgrades.<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
21. same as above for telephone system.<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
22. assign billing rates to seller personnel.<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
23. load seller\u2019s client information on buyer time-and-billing system.<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
24. merge seller\u2019s and buyer’s mailing lists.<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
25. if tax return due date control is different from seller\u2019s client list, load seller’s clients.<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
26. send press release and client announcements.<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
27. contact professional liability insurance carrier and make any needed changes.<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
28. obtain employment agreements with seller personnel, especially nonsolicitation agreements.<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
29. review all contractual obligations of seller, such as printers, maintenance agreements and tech system agreements.<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
30. arrange telephone call forwarding, email and mail forwarding for seller’s personnel.<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
31. review the need to continue\/cancel organization memberships, subscriptions, reporting services, books, etc.<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
32. integrate seller’s client work schedule and immediately begin scheduling the work.<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
33. get copies of seller\u2019s partners\u2019 licenses and similar documents.<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
34. update fixed-assets inventory; photograph all assets.<\/td>\n<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

your staff will be much more comfortable.<\/strong><\/p>\n

by marc rosenberg<\/i>
\ncpa firm mergers: your complete guide<\/i><\/a><\/p>\n","protected":false},"author":1339,"featured_media":52068,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[2371,3120,3002,2266],"tags":[],"class_list":["post-100986","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mergers-acquisitions","category-pro-member-exclusive","category-special","category-partner"],"acf":[],"yoast_head":"\n34 steps to implement a merger - 卡塔尔世界杯常规比赛时间<\/title>\n<meta name=\"description\" content=\"actionable intelligence for tax, accounting, and financial professionals\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"\/\/www.g005e.com\/2022\/11\/03\/34-steps-to-implement-a-merger\/\" \/>\n<meta property=\"og:locale\" content=\"en_us\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"34 steps to implement a merger - 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