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HOW TO VALUE YOUR ACCOUNTING PRACTICE

Cost Free
Presentation Length 1.0 hour

Recorded DateJune 24, 2014
CPE:Not available
(archived webinars do not offer CPE credits)
Course LevelBasic
Course Description

Your accounting firm or ownership interest in your firm may be your largest asset. Learn the secrets to understanding how to value your ownership interest or your firm when selling to an outsider.

This session will answer the big question: “What is the multiple” and will share with you the factors that impact practice value.

In this webinar, Transition Advisors President Joel Sinkin will address:
• The Multiple
• How most deals are structured
• How to retain income, control and autonomy while transitioning your clients

Participants can learn:
• The five variables that impact valuing your accounting firm when selling externally and when selling to a partner
• How you can increase the valuation
• Whether the price when selling internally should be based on a multiple of equity ownership or compensation models
• What the trends are and what the likely future marketplace is going to look like
• Whether it is a buyer or seller marketplace

If you are looking to acquire a firm or are seeking to reduce your time commitment to your firm now or within the next seven years, this is a must attend!

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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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 and 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. He 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, Best Practices in People Management and many more. Joel co-authored BUYING AND MERGING CPA FIRMS published by PPC.

In 2012, 2013, 2014, 2015, 2016, 2017, 2018, and 2019 Accounting Today named Mr. Sinkin one of the top 100 most influential people in accounting.

 

About Our Sponsor

Bofa
Whether you want to start a new practice or expand your current practice, Bank of America can help. We have the financing, business solutions and industry experience to help you reach your goals. We have provided financing opportunities to the health care profession for over 18 years. We lend to dentist, doctors, veterinarians, CPA’s, Attorneys and Insurance Agencies. Our loan products include acquisitions, expansion, debt consolidation, equipment; real estate and partner buy in loans.