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Succession planning

About this topic

Managing and addressing the needs of your clients and firm requires a broad range of competencies. These learning resources are designed to help you understand the knowledge and skills necessary to support the management of and manage a firm practice.

ESOPs help some CPA firms with retention, succession

This article discussed how, in the right situation, an ESOP can lead to greater engagement and morale among a firm's staff members.

Article Talent retention Foundational

Providing a future: A succession story

Three CPAs got together and decided they wanted to start something that would live on after they retired. This article describes their plan.

Article Succession planning Intermediate

Timing your exit

This article offers factors to consider when deciding when to bow out of their firm.

Article Succession planning Intermediate

How to admit new partners: A fresh approach

This article illustrates how the AAV method can bridge the gap between those seeking partnership admittance and those already holding ownership stakes.

Article Firm operations Foundational

Preparing for what’s next

Discusses how practice-continuation agreements can provide a smooth transition to a successor for a CPA practice.

Article Succession planning Foundational

Succession Planning Guide

This guide provides the resources firms need to make their firms succession-ready. It incorporates a variety of succession scenarios that practitioners can work through,

Report Succession planning Intermediate

Succession Timing Calculator

​This resource will provide a means to determine when you should start to plan succession for you and the partners in your firm.

Article Succession planning Intermediate

Succession Readiness Assessment

This resource will help (1) ascertain if your firm has the talent for internal succession, (2) create a succession team, (3) alternatives if internal succession is not...

Article Succession planning Intermediate

Practice Continuation Agreements: A Practice Survival Kit

A practice continuation agreement is a practice's survival kit. This resource provides access to a wealth of information.

Article Succession planning Intermediate