When it comes to retiring from public practice, the old paradigm no longer applies. It's not enough to assume that there will be a next generation of eager and younger CPAs standing in line to take over your practiceand perhaps fund your retirement. We'll explore succession planning for CPAs and determine how to carefully plan to have a practice that has value; identify the right successor for your clients; provide you with the exit strategy that fits your personal goals; and implement a succession strategy that is practical for all parties.
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