Overview

This Practice Management webinar session on “Succession Planning” forms the final part of a series of presentations on practice management for small and medium practices based on IFAC’s Practice Manual for SMP’s.

One of the most common questions asked by practitioners as they begin to consider succession planning is, “Will someone pay me for this firm? The answer is usually, “Yes but the answer to the question, “How much?” depends on a number of factors.”

This module ends with a discussion of steps to be considered as part of your eventual exit from the firm. If these steps are followed, they should ensure that the succession plan is well developed and in place and that you, as a retiring practitioner, can look forward to a busy and interesting time knowing that your firm is in good hands and will continue as a profitable entity.

Learning objectives 

In this webinar Elaine will cover:

• Valuation methodologies
• Internal and external strategies
• A well-developed succession plan
• Business continuation as a profitable entity after exit

Content

• Succession planning for the sole practitioner
• Developing your succession plan
• Selecting your succession option
• Firm valuation and pricing
• Options for partnerships, consolidations, mergers and acquisitions
• Sale of firm, fee parcel or progressive sell-down
• Developing internal succession plans
• Exit considerations

Who should attend

These webinars are aimed at all accounting practitioners and practice owners/managers who want to know how to improve the running of their practice and increase their profitability and productivity.

CPD

Attending the webinar will accrue 1 CPD hour for members of a relevant professional body such as ACCA, SAICA, AAT, SAIPA, SAIBA, IAC, CIS, ICBA, LSSA, FPI, and the IBA.

Investment

This is a free event sponsored by SAIBA