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by August J. Aquila
It used to be that death and taxes were the only two inevitable events in life. But for owners of accounting practices there is a third – succession. There is no greater threat to the future of accounting firms than the failure to plan for succession.
More August Aquila on CPA Trendlines: How to Apply Sam Walton’s 10 Rules for Success at Your Firm | Nine Steps to Effective Succession Planning for the Small Firm | Thinking Merger? Look Before You Leap | Four New Checklists for Succession Planning | Partner Accountability: Seven Signs Your Firm May Be in Trouble |
Many small and medium sized firms have no succession plan. They have their reasons:
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