Feedback From an Accounting Practice Buyer – After Year 1

Feedback from an Accounting Practice Buyer – After year 1 Lately we’ve been gathering feedback from our buyers who closed approximately one year ago.  Below is a Q&A session with Ed Blair, CPA of Richmond Virginia that I thought was good to share: Brannon Poe:  Overall, have you been pleased with your progress so far? […]

Should I use an LOI?

The quick answer is…No. At first blush, the Letter of Intent would seem like a good idea. It allows the buyer to demonstrate to the seller that they do indeed intend to purchase. It also lays out the general terms of the deal. These would both seem like clear positives. However, we find the step […]