Selling an Accounting Practice
Selling an accounting practice is frequently due to an owner retiring, or transitioning to a new chapter in life. Typically, the smaller the practice, the easier it is to sell. The owner can choose to sell the practice outright, or sell their equity to another co-owner as in internal succession. Other options include mergers or acquisitions. A firm’s ability to retain its clients after a sale will determine whether or not it succeeds.
