When is the optimal time to purchase an accounting practice? When is the optimal time to sell an accounting practice?

During these difficult economic times, is financing still available for purchasing an accounting practice?

As an alternative to the outright selling of an accounting practice, many CPA firms might want to examine a merger with another firm as an exit strategy. A merger could allow the senior partners another three to five years of career life without the interruption of finding a buyer while also maintaining the loyalty of clients and staff.

In order for your company to survive, it needs to be constantly changing and become stronger. Sometimes the only way to do this is to consolidate your accounting business. There are a lot of books out there that will attempt to help you consolidate your business, but with the economy as it is today, and as much time as a small or large business takes, you may not have the time to read any of these books.