Before You Sell Your Practice

Older couple on autumn walk with trees in backgroundA broker is an option, but you have things to decide first.

By Ed Mendlowitz
The CPA Trendlines Practice Doctor

QUESTION: We are contemplating selling our firm. It’s a difficult decision due to the financial rewards and the enjoyment we get from our work. I am 63 and my wife-partner is 62 and we are not in a hurry.

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We would like to sell to a CPA who would be very committed to this business and our clients, many of whom have been with us for over 20 years. How should we start?