Академический Документы
Профессиональный Документы
Культура Документы
, NW
MARTIN D. STANISZEWSKI
CPA, CVA, MBA, MST Orland Park, IL 60467
www.allianceaccountingsales.com phone: 708.478.3336
mstan@allianceaccountingsales.com fax: 708.478.3046
FAQs
What are the steps in SELLING a practice?
Contact a qualified professional broker/intermediary that has experience in public accounting as well as the
acquisition/sales of businesses. Things to look for in a broker/intermediary:
• Experience in running a CPA firm. We believe it is vital for someone negotiating the sale of an accounting firm
to be able to talk both the buyer and sellerʼs language.
• Confidentiality. One of the primary reasons to hire a broker/intermediary is to keep the name of your firm con-
fidential from the local Accounting community.
What are the standard market conditions for CPA and accounting practices in my area?
Accounting practices are primarily sold on a multiple of gross billings with a client retention clause (usually 1
year). Unless the Buyer has an intimate knowledge of the firm (i.e. an employee or partner), we believe a reten-
tion clause helps to ensure an equitable deal for both the buyer and seller.
(continued on page 2)
I NTERMEDIARY & C O N S U LT I N G S E RV I C E S
Copyrighted 2008 Alliance Accounting Sales - MARTIN D. STANISZEWSKI. All Rights Reserved.
http://www.allianceaccountingsales.com
11516 W. 183rd St., NW
MARTIN D. STANISZEWSKI
CPA, CVA, MBA, MST Orland Park, IL 60467
www.allianceaccountingsales.com phone: 708.478.3336
mstan@allianceaccountingsales.com fax: 708.478.3046
Employees: Retaining the employees of the practice is very important to the success of the buyer. It is also
critical that the employees not enter into competition with the buyer after the purchase. Carefully assess the
possibility of the firm s current employees leaving the practice and taking clients with them. Buyers
should inquire if employees have non-solicitation agreements and should draft new agreements to be signed by
employees on the 1st day of the new firm.
Large Clients: Our model for transition is based on a belief that if a buyer does his job in selling himself to the
clients he should be able to retain most of the clients. A special risk, however, exists if one client represents
an abnormally large share of the practice revenues. We recommend looking carefully at the 10 largest revenue
producing clients from the prior year.
Buyer Apathy: Immediately after closing the purchase of a practice, a buyer should market himself to all the
clients as if they were new “prospective” clients. If the buyer does his job, he should retain the vast majority of
the clients. Failure to do so can risk loss of clients.
Seller Remorse: The Seller and the Buyer must work together in the transition period. Often times, the Buyer
will begin making changes to the firm. The Seller must be ready to hand the keys over to the Buyer at close and
actively work with the Buyer in the transitioning of the business. Buyers should always obtain non-compete
agreements with the Seller.
I NTERMEDIARY & C O N S U LT I N G S E RV I C E S
Copyrighted 2008 Alliance Accounting Sales - MARTIN D. STANISZEWSKI. All Rights Reserved.
http://www.allianceaccountingsales.com
11516 W. 183rd St., NW
MARTIN D. STANISZEWSKI
CPA, CVA, MBA, MST Orland Park, IL 60467
www.allianceaccountingsales.com phone: 708.478.3336
mstan@allianceaccountingsales.com fax: 708.478.3046
How can I make sure that my clients and employees will be taken care of?
Finding the right buyer is not just a matter of finding someone willing to meet your price and terms.
How the personality and experience of the Buyer correlates with the practice being purchased is ex-
tremely important in the success of the transaction. We will screen potential buyers for sufficient expe-
rience and demeanor to treat your clients and employees as you would. The best way to insure you find
a buyer you are comfortable with is to bring a multiple of qualified buyers to the table.
Will the buyer take over my existing lease space or buy my building?
The vast majority of our practices are sold to individuals that retain the existing location. In most cases,
the buyer of your practice will want to retain your space either through lease or purchase. If this is a
requirement either because you own the building or have a long term lease, we can qualify buyers with
regard to their ability and willingness to keep the same space. Note: If the Buyer plans to relocate the
practice to another location and there is retention clause in the contract, there should be serious discus-
sion as to how the retention is negotiated
I NTERMEDIARY & C O N S U LT I N G S E RV I C E S
Copyrighted 2008 Alliance Accounting Sales - MARTIN D. STANISZEWSKI. All Rights Reserved.
http://www.allianceaccountingsales.com