What will happen to your CPA firm when you’re no longer around? Do you have a business succession plan? 👉 Book a Call at https://www.cunninghamlegal.com/book-your-appointment/ for business planning, entity formation, and living trusts.
Tailored specifically for CPAs and business owners, this engaging webinar unveils how to build a resilient leadership team and ensure continuity in your practice. Discover the critical distinctions between strategic, exit, and succession planning processes, and understand the urgency of these plans in today’s ever-changing environment. Learn strategies for managing unexpected departures, developing leadership talent, and overcoming challenges unique to CPA firms. We will also explore a real-life example of a comprehensive succession plan. Gain practical steps for effective business succession planning, including creating job scorecards and drafting emergency plans. Don’t miss this chance to future-proof your CPA firm and maintain your competitive edge!
–Contents of this video———-
0:00 Intro to Business succession Planning for CPA’s
0:39 What is business succession planning?
2:45 Key aspects Charlie should consider
5:38 About your speaker
6:06 Office locations
6:11 Disclaimer
6:43 Legal considerations for CPA’s
10:13 The four paths
11:28 The passer
13:13 The outtie
19:56 What deals look like
20:37 The innie
23:30 The squeezer
26:35 Why is Estate Planning Important for Business Owners, even CPA’s
27:32 Elements of estate planning
28:35 How do living trusts work?
30:10 Why is probate bad in california
30:47 Probate on $3M estate
31:05 What is business succession planning
33:28 Key documents involved in business succession planning
34:25 Buy-sell agreements 101
36:04 Death of a business partner: what to do if there is a plan
39:00 Planning for eventual exit is a process
39:35 Biggest mistake in succession planning
40:44 Macroeconomic factors
44:09 CPA succession planning: example
44:42 Business succession planning: key takeaways
👉 Book a Call at https://www.cunninghamlegal.com/book-your-appointment/ to learn how to make a living trust, avoid California estate tax, and talk to a family trust lawyer.
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CONTACT us at https://www.cunninghamlegal.com/california-law-offices/contact/ to discuss estate planning, keeping your last will or living trust up to date, and find out about upcoming California estate planning events. Offices throughout California.
WEBSITE: https://www.CunninghamLegal.com for California Estate Planning information
FREE LEGAL WEBINARS: https://www.CunninghamLegal.com/webinars includes Q&As with expert attorneys!
PHONE: 1-866-988-3956 for a consultation on a California Living Trust!
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