The life cycle of an accounting practice purchase

The life cycle of accounting practice buyouts varies from deal to deal but often includes the same features. My recommendation is to spend time and resources on the front end and execute a thorough LOI. Legal fees are an expensive resource, but the most expensive resource is deal stamina. I find that many busy CPAs and Accountants simply do not have the deal stamina to withstand the due diligence process multiple times in a year. For this reason, it’s important to determine whether there is a deal breaker up front. I can help you make this determination and save precious time, money, and headache. Contact us for more information.