In the market for purchasing a private practice? Among the many considerations, do not disregard prequalification. Prequalification makes a difference in securing the right business, managing the financial aspects of the exchange, and demonstrating your credibility as a buyer. This blog explains what prequalification is and answers the question: Should you get prequalified to buy a practice?

Purchasing an accounting practice can be a significant step for anyone wanting to grow their CPA career or business. You may enjoy extensive professional opportunities if you acquire a profitable one, from a reliable client base to a steady income stream.

After operating a physical therapy practice for many years, you may find yourself ready to move on and sell your business to another practitioner. However, there are many steps that must be taken first, which include determining the value of your business.

When people think about selling their private practice, they may picture a simple procedure that involves putting it on the market and evaluating buyers’ bids. On the contrary, this process demands foresight, preparation, and strategic decision-making that influences your personal legacy, client relationships, and future security.

If you’re considering buying a private practice, you must look at every detail of the business to decide whether you should acquire it or move on. One of the most critical aspects to look at is whether the practice has a high employee turnover rate.

When you get ready to sell your certified public accounting (CPA) firm, multiple aspects of your practice can affect the process. Although you may focus on profitability and reputation, you should not overlook the caliber of your client base, which can influence the sale price, buyer interest, and the timeline of any transaction.

Selling your healthcare practice can be an emotional and challenging process. However, with clear steps and proper planning, you can secure a beneficial outcome for everyone involved. Review this complete checklist for selling a healthcare practice to ensure a successful sale.

Selling a private practice is a significant milestone for any owner. Whether you’re transitioning to retirement or pursuing new opportunities, the process of selling your practice requires thorough preparation and strong negotiation skills.

There are many things that impact the process of selling a private accounting practice, including its reputation. No matter how well you think you provide clients with service, it is important to keep a close eye on your business’s public perception, as it is one of several factors that can shape its value in the eyes of prospective buyers. Read on to learn about the importance of reputation when selling a private practice and how to strengthen it before you sell.

When a business owner decides to sell their private practice, it can represent a significant milestone after years of dedication and growth. However, preparation is critical to maximize the sale's success, particularly when it comes to documentation. Thoughtful and well-organized documentation can help you establish trust with your future buyer(s) and build a solid foundation for negotiations.