Practice Management
Succession Planning and Alternatives 

1 Day   CPE credit = 7.0
 

Many practitioners do not address their own succession or the succession of one of their partners until it is too late.  When succession is not dealt with on a timely basis, opportunities for creative strategies are often lost.  The consequences may be: loss of successor partners and staff and an inability to realize retirement dreams. 

For many years, Mort has been involved with succession planning in a broad range of public practice situations. Because of recent developments in the profession and in the world in which accountants exist, many of the traditional approaches no longer work. Mort will introduce participants to a broad range of alternative strategies that are responsive to current developments.


TOPICS INCLUDE:


 

Who is affected by succession?

 

When should you start to plan a succession strategy?

 

How can you develop a succession strategy that will work for your practice?

 

What barriers will prevent your succession plans from happening?

 

What are the different succession models?

 

What opportunities exist in the succession process?

 

Tips and traps of succession planning for accounting practices.

These sessions are of equal relevance to those who are leaving AND to those who will be staying.  Course content is relevant to both small and medium sized practices. 

This material will be presented by a combination of lecture, case studies, exercises and self assessment checklists.