Five Key Decisions for Your Exit Strategy

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: