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Internal Succession Readiness

Type: Webinar with NA CPE
Starts
12 May 2020 2:00 pm ET
Ends
12 May 2020 3:00 pm ET

2:00 – 3:00 pm ET

1 CE/CPE Credit in Business Management & Organization


Course Level: Intermediate

Join Joel to unearth answers about your firm’s Internal Succession Readiness. How do you ascertain if you are in a good position to execute an internal succession plan for your firm? How do you value partner equity? What are the trends impacting internal succession?

Learning Objectives
•  Where do you initially focus when determining your ability to manage succession in general?
•  What is the litmus test to apply to valuing partners ownership interest?
•  What are your options if you realize you do not have the talent on the bench to execute succession internally?
•  How do you compensate retired partners for an on going role?

Related Articles
Four Items that should be in Every Firm’s Ownership Agreement
Succession Planning: The Available Strategies and How They Work
Succession Planning—Valuing Partner Equity in Larger Firms
How to Manage Internal Succession

Speaker Bio


Joel L. Sinkin

President

Transition Advisors LLC





Joel Sinkin is the President of Transition Advisors, LLC a firm that exclusively consults on Mergers & Acquisitions for Public Accounting Firms. Mr. Sinkin is an expert in practice evaluation, succession planning and transaction structure. He has personally overseen hundreds of transaction closings of accounting firms since 1990. He has worked with firms of all sizes from sole proprietors to large regional and international firms. He consults on internal and external succession planning and provides complete transaction support including valuations, alternative deal structures, documentation, due diligence and transitional issues regarding partners, staff and clients.  



Transition Advisors is dedicated to working exclusively with accounting firms nationwide to:

•  Develop and execute strategies to expand through mergers and acquisitions

•  Identify objectives and create unique methods to facilitate retirement and other transition of owners

•  Build business plans and owner agreements to facilitate and manage internal succession



Joel teaches CPE courses and lectures for the AICPA, many State Societies of CPAs, National Accounting Organizations and many other professional organizations. Mr. Sinkin is frequently quoted in trade magazines and has had dozens of articles authored by him or about him published in The Journal of Accountancy, Accounting Today, CCH, The CPA Journal, Insight, The Practicing CPA, The Practical Accountant, Inside Public Accounting, CPA Practice Management Forum, many state societies magazines, Best Practices in People Management and many more . Joel co-authored BUYING AND MERGING CPA FIRMS published by PPC, and along with his partner Terrence E. Putney, CPA, The Succession online book for the AICPA and his third book, written on behalf of the AICPA, CPA Firm Mergers & Acquisitions, How to Buy a Firm, Sell a Firm and How to Make the Best Deal.


Mr. Sinkin is an editorial advisor to the AICPA’s newsletter Small Firm Solution and a member of The CPA Journal Editorial Review Board. Recently Mr. Sinkin fulfilled a personal goal to create a new type of consulting firm that brings a fresh approach to the succession and growth needs of accounting firms and their owners nationally. In 2004, he joined forces with Terrence E. Putney, CPA to form Transition Advisors.  In 2012, 2013, 2014, 2015, 2016, 2017 and 2018 Accounting Today named Mr. Sinkin one of the top 100 most influential people in accounting. 


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