Private Practice Transitions


Recent posts by Private Practice Transitions

4 min read

The Importance of Owner Transition When Selling a Business

By Private Practice Transitions on Aug 25, 2022 1:30:01 PM

Selling a business is a big decision that shouldn’t be taken for granted. Once the sale is made, you must go through a phase known as the transition period (or the handover period). During this period, you, as the existing owner, will remain with the business for a specific timeframe to help the new owner take control of it.  

Topics: Selling a Business Business Transition
3 min read

The Implications of Fed’s 50 Basis Points Hike on Interest Rates

By Private Practice Transitions on Jul 13, 2022 12:00:00 PM

The Federal Reserve’s decision to raise interest rates aims at slowing the economy without leading to recession. The increase in interest rate will also help counteract the effects of inflation while scaling back other COVID-19 pandemic-era economic supports. According to Jerome H. Powell, the Fed Chair, the Fed is moving expeditiously to restore price stability for both consumers and business owners.  

Topics: Interest Rates
5 min read

The Changing Landscape of Third-Party Administrators

By Private Practice Transitions on Jun 16, 2022 9:07:27 AM

Dubbed TPA, the Third-Party Administrator is an organization responsible for managing all aspects of your employees’ retirement plans. TPAs design retirement documents in addition to preparing both employee and employer statements.  

Topics: Third-Party Administrators TPAs
7 min read

Deal Structure Explained

By Private Practice Transitions on May 2, 2022 11:00:00 AM

Global mergers and acquisitions in 2021 reached new heights. In fact, the number of deals announced publicly numbered 62,000, representing a 24% increase from the previous year. Cheap credit, high corporate profits, elevated share prices, and private equity cash were just a few of the contributors to the increase in merger and acquisition activity at the tail-end of the pandemic. And we are not done yet. 

Topics: Deal Structure Mergers and Acquisitions
3 min read

What is Due Diligence and What to Expect

By Private Practice Transitions on Apr 4, 2022 11:00:00 AM

When purchasing an established business, it is important to evaluate “all of the things” that pertain to the business. This includes not only the financial details of the business to determine both the valuation and what your return on investment might be, but what risks may be associated with purchasing the business. You may also need to look at key staff members, contracts, and referral sources, among other things. So, what is this process called? Due Diligence. Essentially, think of due diligence as everything you will consider prior to signing a binding contract to purchase a business.

Topics: Due Diligence
7 min read

How Are Physical Therapy Transactions Structured?

By Private Practice Transitions on Mar 2, 2022 11:00:00 AM

Generally speaking, when an investor wishes to acquire a business from its holders, the parties will agree on terms in the form of a purchase and sale agreement. The agreement will outline, among other things, the assets being transferred in an asset sale or the stock/membership interest being transferred if the investor is taking the business “turnkey.” In this way, the question of who owns the enterprise, and its assets, after the transaction has closed should be indisputable. 

Topics: Physical Therapists Physical Therapy Business Transactions Transaction Structures
5 min read

Valuing a Business: A Look at EBITDA

By Private Practice Transitions on Feb 9, 2022 11:30:00 AM

Starting a business is exciting. Running a business is rewarding. But what about exiting a business? While business owners have a deep knowledge of their business and often reap huge rewards, both on a personal and financial level, most owners do not know what to do when they are ready to retire and/or sell the business. Even more, they do not know what their business is worth. To give you an idea of where to start, let's take a look at one of the most valuable tools at your disposal - your company’s EBITDA. 

Topics: Business Owners Selling a Business Business Valuation
6 min read

Valuing a Business: A Look at Seller's Discretionary Earnings (SDE)

By Private Practice Transitions on Nov 8, 2021 1:20:00 PM

If you are in the process of selling or acquiring a small company, you have probably come across the term “Seller's Discretionary Earnings” or SDE. In essence, SDE is the foundation of business valuation for small businesses. It is a crucial concept that enables savvy buyers to gain a deeper understanding of a business’s story.  

Topics: Business Owners Sellers Seller's Discretionary Earnings SDE Selling a Business
4 min read

What Is A Letter Of Intent And What Should Be Included?

By Private Practice Transitions on Oct 1, 2021 12:52:00 PM

 

Topics: Letter of Intent
2 min read

CPA Practice for Sale! Tips for a Successful Purchase Process

By Private Practice Transitions on Feb 2, 2021 11:31:00 AM

If you have an accounting business for sale, you are likely concerned about how the sale will proceed and if the sale will ultimately be successful.

The good news is that there are many resources available to ensure the sale is a success and to make the entire process much easier for you. Below are a few helpful tips to keep in mind if you have a CPA practice for sale.

Topics: CPAs Business Brokerage Accounting