SUPERCentral is an independent online platform provider of SMSFs, advice, legal documentation and wealth management services to accounting and financial planning firms throughout Australia.
Selling Your Practice? Ask us for your free guide
The sale of a professional practice is not the same as the sale of just any small business.
If you’re selling an accountancy practice or a financial planning practice there are very specific issues that need to be addressed. To begin with your major asset is your client base and it’s vital that you can successfully transfer that client base to the buyer.
Clients need to be considered carefully at the time of the handover, and that’s just one of a number of very specific issues to consider like retentions, clawbacks, WIP, restraints, debt recovery … the list goes on. And of course there may also be the need to make the sale conditional on the consent or co-operation of your third party AFS Licensee.
For a copy of your free guide on the things to consider (before you start talking to a possible buyer) written by Townsends Business & Corporate Lawyers who have 30 years experience in the field, email us on info@ supercentral.com.au or call Townsends Business & Corporate Lawyers directly on 02 8296 6222.