3 Types of Exits in Accounting

Scenario 1: Tax practice with paper or clients coming into the office

Exit Options: Sell or merge with a firm experienced in:

• Operationalizing processes
• Training clients on new behaviors
• Raising rates appropriately without alienating clients
• Digitizing firm workflows

Scenario 2: High-value client base, lack of succession

Exit Options: Sell or merge with a firm that has young talent capable of:

• Absorbing your clients over a period of years
• Continuing to offer the white-glove support that makes your practice special

Scenario 3: Healthy 7 or 8 figure top-line firm, owner looking for liquidity

Exit Options: Sell or merge with a larger, more sophisticated firm (PE, FO, WM, not Public Accounting) that will:

• Give you a lot of cash upfront to monetize your goodwill, OR

• Give you less cash upfront but tremendous upside with additional support and revenue structures to help grow the practice substantially while stepping back from day-to-day operations

Ready to make an exit now, or in the near future? Just beginning to think about an exit and curious about options? Book a complimentary strategy call with our Founder.

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