Succession Planning: Strategies to Protect the Value of Your Firm

More CPA firm ownership will change hands this decade than in any previous decade. Knowing what other CPA firms are doing to position for succession and what best practices they are implementing has become essential.

William L. Reeb, CPA, member of the firm Winters & Reeb, PLLC and an experienced management consultant, has surveyed small firms and interviewed senior partners to identify issues critical to successful CPA firm succession. In this course, he has analyzed their responses and organized his findings into a clear review of each issue and successful approach and how they work in combination with each other.

Bill Reeb’s unique point of view is that passing the torch is more about good business practices. The course walks you through how your firm should be organized, how partners typically fall short of their responsibilities, how money is lost due to mismanaging workflow, how to grow the practice. It covers sensitive issues such as transitioning business so that the firm’s senior partners do not hold it hostage and why the firm’s superstars become its biggest weakness. Managing partners have told the author that they not only have read the course several times, but also have required every partner to read it as well.

• Understand what actions to take to best position your firm for succession or transition to new leadership
• Understand how to avoid the most common pitfalls encountered during succession
• Be able to put together an action plan to best position your firm for success whether it is being sold, merged or transferred to new leadership

Prerequisite:  Leadership responsibility within a CPA firm

View a sample video clip!

In the video, Mr. Reeb, CPA provides an overview and discusses key issues with Wayne Berson, CPA, of BDO Seidman LLP; William R. Pirolli, CPA, of Pirolli Deller & Conaty; and Gordon Scherer, CPA, of Horovitz Rudoy & Roteman.

* The DVD disk contains the video presentation and a viewable copy of each text exhibit that can be viewed, saved and printed.

** The Additional Manual is for group study training only. Unlike other formats, it has no exam answer sheet and cannot be used to earn self-study credit.