The thought of transitioning your accounting practice is not only a business decision it is an emotional one as well. Let’s be honest — it’s really difficult to let go of the business you nurtured and built from the ground up throughout your career.Many of your clients have become personal friends; many are multi-generational. You may have handled their parents and now them and their children!
As accounting practices mature along with their principals, one tends to ask themselves, “What’s next in my life? When should I reduce my time commitment to my firm, slow down and play golf, travel around the world, or do the things I never had time to do when I was growing my practice? Can I give it all up at one time? Can I work part-time and transition over time and take more time off? How will reducing my role impact my partners, associates, and clients?”
If you are one of those people asking these sorts of questions, Transition Advisors can help you through the process of transitioning your practice so you and your loved one’s can go forward and enjoy the next phase of your life. This can mean you retire if that is your goal or create a short or long-term plan wherein you simply slow down but have a long-term plan in place.
For firms that have partners in varying stages of their careers, such as some seeking growth while others are seeking short/long term succession, we can show you how through a single merger everyone’s unique goals can be reached without compromising each other’s. For firms whose partners are all seeking growth but want to avoid becoming clock-punching employees of the successor firm, we understand and have several solutions. We know one-size-fits-all solutions are not what most firms are looking for.
If you’re one of those who want to stay involved, and work and play at your own pace, then we can customize a succession plan that allows you to control your destiny.
Transition Advisors is a firm that understands the stress and apprehension an owner or partner goes through when making the transition from a full time CPA and moving into another phase of life. We are business strategists that seek the best opportunity for you. While you continue to work in your practice we can work for you to find a suitable solution that will help you achieve your goals.
We have unique programs, including our internationally known Two-Stage Deal, which enables practitioners to maintain their autonomy, control and income while commencing a short or long–term succession plan simultaneously.
Our experience speaks for itself.