When the owner of an accounting or physical therapy practice decides to sell their business, they may consider doing it themselves, without the assistance of a broker. Although this approach might help you avoid paying an expert’s fees, it carries immense risks.

Pricing is one of the most critical elements of a successful practice. Your rates represent the value of your expertise and services. Pricing can also determine whether your practice thrives or struggles in a competitive market.

You may decide to keep a percentage of ownership in your private practice after selling it. Additionally, your buyer may decide to seek a loan from the Small Business Administration (SBA). However, the SBA recently revised its SOP 50 10 8 rules regarding rollover equity, which impacts buyers, sellers, and investors alike.

An important step in selling private practices is the valuation process, where owners receive a methodical evaluation of their financial potential. One of the most widely used methods in business valuation is the income approach. Read on to gain a better understanding of the income approach to business valuation. Explore what it determines, how people calculate it, and some of its advantages and disadvantages.

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.