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| Exit Strategies for Solo Practitioners: Succession Planning and Business Transitions (2092Q) |
Course CPE: 1 hour
Field(s) of Study: Business Management and Organization–1 hr
Program Level: Basic
Prerequisites: Previous training or experience with the fundamentals of accounting, finance, economics, and business writing. These individuals are often at the staff or entry level in organizations, although such programs may also benefit a seasoned professional with limited exposure to the area.
Advanced Preparation: None
Delivery Method: QAS Self-Study |
Item
Number: 25EP0728ESS
Shipping Weight: 0lbs. 0oz. |
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$99.00 |
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Recording Date: July 28, 2025
Presenter: Michele Laws
Program Description:
As a solo practitioner, planning for a business transition—whether through retirement, sale, or unforeseen circumstances—is critical for preserving value and ensuring a smooth handover. This course will provide an actionable roadmap for exit planning, covering key considerations such as business valuation, financial and legal preparation, succession planning, and client transition strategies. Attendees will gain insights into best practices for avoiding costly mistakes and ensuring a successful transition.
Takeaways:
A structured approach to exit planning that minimizes disruptions and maximizes value
Tools to assess business readiness for transition, including legal, financial, and marketing considerations
Strategies to communicate transitions effectively to clients, employees, and key stakeholders
Understanding of business valuation, buy-sell agreements, and tax implications
Resources for business continuity planning in cases of incapacity or unexpected events
After completing this course, you will be able to:
- Recognize the importance of exit planning and succession strategies for solo practitioners
- Identify key financial, legal, and operational steps required for an orderly business transition
- Select a comprehensive business exit plan, including valuation, documentation, and client communications
- Recognize the risks and costs of disorderly transitions and how to mitigate them
- Identify best practices for client retention and vendor continuity during the transition process.
- Recognize the role of business brokers, investment bankers, and legal professionals in the exit process
For more information regarding refund or concerns, please contact our offices at (800) 677-2009.
The Consultants’ Training Institute (CTI) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. |
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