Succession Planning

It usually takes a minimum of two years to transition clients from one partner to the next or to a new owner.  There are numerous factors that effect the time frame and potential sales price of a professional services firm for example…are clients loyal to the brand or to the partner, are long term leases involved in the purchase, how active is the retiring partner etc.  If you are near this stage in your career, call our office and do your best to not leave any money on the table.  You cannot plan to early for this.