Private Practice Transitions

Recent posts by Private Practice Transitions

2 min read

Retaining Clients When Buying an Accounting Practice

By Private Practice Transitions on Sep 11, 2023 7:25:26 AM

Client retention is critical to the success of an accounting firm after a purchase or a merger with new ownership. We offer tips for retaining clients when buying an accounting practice.

Topics: Blog
5 min read

Keeping Key Staff After an Accounting Practice Purchase

By Private Practice Transitions on Sep 6, 2023 7:37:55 AM

The staff is one of the most important variables in the transition of an accounting practice, or any private practice, from previous to new ownership. Below, we’ll explore the benefits of staff retention and offer strategies for keeping key staff after an accounting practice purchase.

Topics: Blog
5 min read

What Is EBITDA & Why Is It Critical for Business Valuation?

By Private Practice Transitions on Aug 7, 2023 7:43:47 AM

Knowing how to accurately calculate a business’s EBITDA is one of the most important factors when buying or selling a business. But what does EBITDA mean, and why is it critical for business valuation? We answer those questions and more in our guide to EBITDA valuations below.

Topics: Blog
2 min read

Preparing Your Employees for the Sale of Your Business

By Private Practice Transitions on Jul 31, 2023 7:21:38 AM

For many owners, one of the hardest parts of selling a business is informing their staff of the sale and impending transition. If you’re considering selling your business or need to prepare your employees for the sale of your business, we’ve got some helpful tips to make the transition easier.

4 min read

2023 SBA SOP Changes

By Private Practice Transitions on Jul 18, 2023 11:30:00 AM

The US Small Business Administration (SBA) assists eligible borrowers in accessing SBA-backed financing. The loan guarantees competitive terms, lower down payments, and continued customer support, depending on the lender. It is, therefore, the best option for starting a business if you don’t have capital or if you require cash to expand an ongoing business.  

Topics: SBA Loans Small Business Administration
5 min read

The Pros and Cons of Selling Your Practice to a Competitor

By Private Practice Transitions on Jun 27, 2023 7:14:44 AM

When selling a private practice, whether a CPA firm or a physical therapy clinic, it’s common to find a competitor interested in buying the business. Selling your practice to a competitor is a difficult decision, so we’ve listed the pros and cons of the transaction below to help those considering the option.

2 min read

When Is It Time To Sell Your Private Practice?

By Private Practice Transitions on Jun 1, 2023 8:56:11 AM

How does a private practice owner know when they should move on from their business? Below, we discuss the clear signs that it’s time to sell your private practice, from exhaustion to increasing market competition.

5 min read

Avoiding Common Tax Pitfalls When Selling a Private Practice

By Private Practice Transitions on Jun 1, 2023 8:53:25 AM

Tax exposure is one of the biggest considerations when selling a business, such as a private practice. Below, we’ll discuss some key tax elements sellers should know when selling a private practice, including how to avoid common tax pitfalls.

Topics: Blog
4 min read

SBA New SOP 50 10 7 Changes: What You Need to Know

By Private Practice Transitions on May 30, 2023 1:28:32 PM

Capital access is one of the most prominent hurdles startups and small enterprises face when running their businesses. The Small Business Administration (SBA) assists small businesses to stay afloat by providing financial counseling, contracting expertise, and business loans. It runs several programs and offers various resources to help these businesses to break even and remain viable. 

Topics: SBA Loans SBA Financing Small Business Administration
4 min read

Why Business Owners Need an Opinion of Value

By Private Practice Transitions on Apr 11, 2023 10:45:39 AM

Do you own a private practice? Would you like to sell it someday to transition into retirement or another business opportunity? If yes, you need a broker’s opinion of value performed by a qualified business broker, or valuation expert. 

Topics: Business Owners Business Valuation Opinion of Value