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062515 ta internalsuccession

INTERNAL SUCCESSION READINESS ASSESSMENTS

Cost Free
Presentation Length 1.0 hour

Recorded DateJune 25, 2015
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaPractice Management (Management Advisory Services)
Course LevelBasic
Who Should AttendCPA - small firm
CPA - medium firm
Other
Course Description

• Do you have partners that are at or nearing retirement?
• Do you intend to replace those exiting partners from within your firm, and how do you know if you have the right people on board or the bench strength to do that?
• Are you uncertain as to what the next steps are to begin such a transition?
In this webinar, Transition Advisors CEO Terry Putney will address how to:
• Create a process aligned with the firm’s long-term goals
• Build an internal succession team
• Determine the value of the firm when “sold” internally
• Develop a reallocation plan for the partners’ workload
• Identify and develop plan for future leadership

Learning Objectives

  • The tools and strategies to help determine if their firm has what it takes to develop and execute an internal succession plan

  • To help accounting firms assess their readiness to execute a plan to pay for partner retirements and replace retiring partners

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Testimonials
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Michael, FL

"I wish I had taken this 20 yrs ago when I had a more active practice. Terry brought up things I never would have thought would be relevant."
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Scott, TX

"Yes, very good for owners/partners, especially those without a succession plan. Thanks to Terry, his team and CPA Academy"
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Andrew, FL

"Terrence was fantastic at divulging key points to remember to avoid pitfalls when a life event happens"
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Rosie, DC

"The instructor gave good examples to further explain the financial impact on the organization."
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Brian, OK

"The speaker was knowledgeable and I had a wonderful with the talk."
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Robert, CA

"Thank you for this valuable planning information."
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Constance, CA

"Very informative webcast."
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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
Linkedin

Terrence Putney

Transition Advisors LLC
Chief Executive Officer
tputney@whitmantransition.com
(866) 279-8550

Ta

Terry has more than 35 years’ experience in the CPA profession. For six years, he served as Managing Director - Mergers & Acquisitions for RSM McGladrey, the country’s fifth-largest accounting firm and held several executive posts with its corporate parent, H&R Block. At RSM, he structured and negotiated numerous deals resulting in the acquisition of accounting and consulting firms ranging in size from sole proprietors to multi-state firms with hundreds of staff and professionals. Prior to joining McGladrey, he served as Managing Partner of Donnelly Meiners Jordan Kline, a 60-person CPA firm in Kansas City. Terry believes it’s imperative that practitioners have a clear understanding of their objectives when pursuing a sale of their practice or the merger with, or acquisition of, another practice. “I've seen deals not work or not materialize because one of the parties to the succession plan had not thought through what they really wanted to accomplish. Transition Advisors will make sure the approach to executing your plan will meet your objectives. Because we are consultants and not brokers, we can be much more flexible in helping a firm succeed with its transition plan.”

About Our Presenter

Ta
Transition Advisors helps you go through the process of change and solves problems before they come up. The vast experience of our principals, regional advisors and professional staff will be invaluable to you and your partners in moving your practice to the next level. To be clear - we are not brokers. We are professional consultants and advisors with years of experience who stay with you throughout the entire process of transition... hence Transition Advisors! You will also have access to our Additional Services to support your transition. These include but are not limited to valuations, succession plans, mergers, introductions, deal structure options, assistance with negotiations, acquisition and planning assistance, drafting contracts, due diligence support, partner retreats and transition strategies to retain the clients and staff. We are consistently successful in identifying firms in your area that are interested in some type of affiliation including a long or short term succession plan, outright sale, upstream merger, seeking to grow through a merger or acquisition, or a staged transition or mergers of firms with younger partners, and, or niches, who can strengthen your internal succession team and firm. We also identify firms not in your area who want to be! We are consultants who can provide transition strategies when you are ready to take the next step in growing your firm, interested in moving to the next level, or slowly taking more time off to enjoy life, or many other avenues of change to meet your life style and work style. We hope you will view the other pages on our website, Buyers, Sellers, Internal Succession, or Mergers, which have a great deal of practical information, as well as our FREE Reports and Case Studies about the changing accounting practice profession. With Transition Advisors you get timely, accurate and helpful assistance from the beginning of the deal, throughout the negotiations until the very end of the process. We encourage you to call upon us and request a visit with one of our regional directors to discuss what could be one of the most important decisions of your business and personal life. Highest References available.