Succession Planning

The #1 issue at CPA firms today is succession planning. Baby Boomer partners are getting close to retirement, but there is a shortage of partner-potentials at firms.

We have extensive experience in the following aspects of succession planning:

  • What exit strategy should we pursue: passing the firm down to younger partners, merger or sale?
  • If a merger or a sale makes the most sense, how should this be implemented?
  • When do the partners plan to retire?
  • Are the firm’s younger partners willing and able to buy out the older partners?
  • How can we develop our staff into partner material?
  • How should we structure our partner buy-out plan?
  • What are the criteria for making partner?
  • How to bring in new partners (ownership, buy-in, compensation, etc.)


We have purchased a number of Marc’s books and I like them because they are concise, have ready points that can be implemented and are focused to the task at hand – CPA firm profitability, retreat planning, succession planning. They are a great resource for the CPA firm owner or manager.

Chip Helme, Managing Principal, CPA, CGMA
Thompson, Greenspon & Co.
Fairfax, VA