Succession Agreements for CPA FirmsSuccession Agreement • November 11th, 2009
Contract Type 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.