{"id":100990,"date":"2022-11-17t11:57:25","date_gmt":"2022-11-17t16:57:25","guid":{"rendered":"\/\/www.g005e.com\/?p=100990"},"modified":"2024-08-07t23:10:14","modified_gmt":"2024-08-08t03:10:14","slug":"merger-minded-go-out-on-top","status":"publish","type":"post","link":"\/\/www.g005e.com\/2022\/11\/17\/merger-minded-go-out-on-top\/","title":{"rendered":"merger minded? go out on top!"},"content":{"rendered":"

\"hands<\/a>it\u2019s time to be realistic.<\/strong><\/p>\n

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

an aging seller who has no successors on staff has four possible exit strategies:<\/p>\n

1. persist in eternally searching for smaller firms with bright young owners to merge in and eventually take over the firm. but ask yourself: why in the world would a young, successful firm want to merge with a firm that\u2019s older than dirt? besides, every firm in the country wants to merge in a talented young firm. the competition is formidable.<\/p>\n

more: <\/b>cherry-pick your merger partner<\/a> | 34 steps to implement a merger<\/a> | where mergers go wrong<\/a> | what your merger letter of intent needs<\/a> | 61 things buyers should explore with sellers<\/a> | thirteen ways to woo potential firm buyers<\/a> | one times fees isn\u2019t the only way<\/a>
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2. continue the endless search for that young manager at a bigger firm who is disenchanted working at such a large firm and would jump at the opportunity to become a partner at your firm. ask yourself: why in the world would such a manager want to work for a small firm of old guys instead of joining a more vital, sophisticated firm with much more to offer?
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\n3. milk your firm for as long as you can. you don\u2019t ever want to retire and you don\u2019t want to give up control of your firm. you reason that you are better off staying independent, enjoying the freedom and the income and continuing to work until you are unable to. then<\/strong> you will sell your firm. of course, at that point there may not be much to sell. but you are prepared to accept that fate.<\/p>\n

4. go out on top. merge with a great buyer and spend the last five to eight years of your distinguished career working for a firm that enables you to do the following:<\/p>\n