Succession Agreements for CPA FirmsNovember 11th, 2009
FiledNovember 11th, 2009It’s often the case that, like the barefoot children of the shoemaker, CPAs advise their clients as to the need for succes- sion planning but fail to do it them- selves. Although the resulting risk to the CPA’s family, clients, and staff is signifi- cant, it is easily displaced by the fire of the day that requires extinguishment. Here is some insight into the prepara- tion of a succession agreement and the issues that should be contemplated prior to entering into that process.