How to Notify Clients of a Partner’s Retirement

Ed Mendlowitz CPA The Practice Doctor Q and APhase in so there are no surprises.

By Ed Mendlowitz
The CPA Trendlines Practice Doctor

QUESTION: Thank you for your Q&As on the death of a sole practitioner and purchase of a practice. Do you have anything about the retirement or death of a senior partner?

ANSWER: The death of a senior partner, or any partner, becomes public knowledge almost immediately with many clients attending the funeral, wake or Shiva. In those cases I have not seen any falloff of clients since there is a correct assumption by clients that

  • there was backup,
  • that the files are intact and will be maintained, and
  • if staff was working on that client they will continue.

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