I received two requests over the weekend for any info I had on buying or selling an accounting practice, and sent the attached. This file includes Q&As that I posted and that are included in my two books each with 101 Q&As. I pretty much stopped posting new Q&As since almost all of the questions I now get deal with something I covered in the over 250 Q&As I posted at www.cpa.trendlines.com. I usually send what I already have covered such as the attached. If I get a new question, then I call the sender to discuss with her or him, so don't hesitate to contact me with your practice management questions. Email me at email@example.com .
I also attached the practice continuation tool kit (that I posted previously) since the continuation agreement letter laying out the price and terms can be used as a model for your selling or purchase price and terms. We used that as the price and terms for three practices we purchased.
Edward Mendlowitz, CPA
Partner, WithumSmith+Brown PC
1 Tower Center Boulevard, 14th Fl,
East Brunswick, NJ 08816
D (732) 743-4582 T (732) 828-1614
M (732) 890-3344 F (732) 964-9330
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