For a CPA looking to sell a practice, finding a buyer may seem like the most daunting part of the process. Without a designated second-generation owner lined up through a succession plan, it may feel like looking for a needle in a haystack. For individuals wanting to buy a practice, the situation can be just as challenging, but in reverse.
It’s critical to build a team around you to ensure the right questions are asked and answered whether buying or selling. Working with professionals in all these areas — legal, commercial real estate, and/or transition consulting — can smooth the process, help avoid pitfalls and provide a team to answer the hard questions. Here are topics to consider with your team if you’re looking to buy or sell.
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