Buying An - Accounting Practice Checklist

: Are you seeking geographic expansion, a specific niche (e.g., dental or healthcare), or specialized service lines like tax advisory?

: Secure pre-approval. Expect down payments of 10–20%, with the remainder often covered by bank loans or seller notes. 2. Deep Due Diligence buying an accounting practice checklist

: Verify active licenses in all operating jurisdictions and review history for professional liability claims or ongoing HR disputes. 3. Valuation & Deal Structure Is Buying an Accounting Practice Right for You? | AICPA : Are you seeking geographic expansion, a specific niche (e

Due diligence for an accounting firm is not a standard audit; it is a search for "red flags" in the client base and staff culture. Valuation & Deal Structure Is Buying an Accounting

: If the current owner is the sole point of contact for major accounts, retention risk skyrockets. Look for firms where staff already manage relationships.

Before looking at listings, define your "Ideal Firm Profile" to avoid mismatched acquisitions that lead to high client churn.

: Firms generating at least $500k in revenue attract broad interest; those over $2M are often targets for private equity consolidation.