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.
Recent posts by Private Practice Transitions
2 min read
What To Expect When Closing on a PT Practice Purchase
The closing can be the most exciting and fraught time of a physical therapy (PT) practice purchase, as months or even years of preparation and negotiation finally come to an end. We’ll explore what to expect when closing on a PT practice purchase, from the preparation to the closing day.
Topics: Blog
2 min read
Buying a Niche Accounting Practice: Key Factors To Consider
Niche accounting practices can be exceptionally smart purchases for those looking to invest in a lean and profitable practice. Below, we explain the key factors to consider when buying a niche accounting practice, from the type of industry niche to its value.
Topics: Blog
2 min read
Selling Your Accounting Practice Internally vs. Externally
One of the first critical decisions when selling your accounting practice is whether to sell internally or externally. We’ll explain what practice owners need to know about selling internally and externally and provide tips for an amicable and profitable sale.
Topics: Blog
5 min read
What Is EBITDA & Why Is It Critical for Business Valuation?
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
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.
5 min read
The Pros and Cons of Selling Your Practice to a Competitor
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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
The Ethical Obligations of Business Brokers to Their Clients
Finding a trustworthy business broker can be difficult, but at Private Practice Transitions, we always take ethical obligations to our clients seriously. Below, we’ll explain a few of the obligations every broker must have to provide quality service and insight to clients.
Topics: Blog
2 min read
When Is It Time To Sell Your Private Practice?
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
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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.
