Synergy - where working together causes the combined effect to be greater than the sum of the efforts of the individuals. Young entrepreneur - are you just starting out with a small client base? Short on capital? You know that in order to make a reasonable living you need to rapidly expand your customer base. A merger with an installment buy-out may be your answer. Want to own and run your own firm - you are now working for a large firm where your chances of becoming an owner are
not promising. You do not have the capital necessary to buy a practice.
But really want to strike out on your own. Here is an option. | |
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On this page we examine some of the issues
confronting the Transferee; i.e., the young CPA who wants
to run his or her own business. |
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have decided that you want to be in business for
yourself, have lots of drive, have the technical
expertise, but little
or limited capital. |
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Or, you have started a practice,
have a small client base, and would like to grow your client base a little faster. You know
there are lots of retirement minded CPAs out there who want to sell but you don't want
to waste your or their time if they're looking for a cash buy out. Through our service you
will be able to contact practitioners who provide other options. For example, some practitioners
do not want to retire right now but would like a professional to take over the load somewhat without
incurring the substantial expense of having to employ a certified accountant. You are involved
in the business before you actually buy-in and take over, and more than likely you'll have an
installment plan that's funded by the company's cash flow. From the business owner's
point of view she gets a partner without the finality of getting a partner. It's a win-win
situation. Compensation for work performed, of course, will need to be discussed beforehand. |
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The basic requirement is that you must have a entrepreneurial mental attitude. Most of the compensation for your work in the early years will be reinvested in the company. |
Options - here are your options
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