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When investors need guidance buying a CPA firm, they evaluate the reasons behind their interest in buying and consult with a buyer advisory service. Decide if they want to build their own current practice one client at a time, or if investors desire to merge with an existing accounting practice and add their client base to books. Buying an existing CPA firm can often help them achieve the goals sooner.
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ADVANTAGES OF BUYING A CPA PRACTICE
An existing CPA practice has a proven track record.
It may generate income to offset the purchase.
Revenue will grow the sooner you establish and understand client base.
A large roster of new clients is a great source of referrals.
Acquiring staff that is already trained.
Sellers may provide training to get you started.
The dealer gives advice on planning and a smooth transition.