Exit Strategies for Solo Practitioners: Succession Planning and Business Transitions

Co-Sponsored by the National Association of Certified Valuators and Analysts®  (NACVA®) 

	Program Description		Who Should Attend
	How You Will Benefit		Schedule

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.

How You Will Benefit
After completing this course, attendees 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
• Create a comprehensive business exit plan, including valuation, documentation, and client communications
• Recognize the risks and costs of disorderly transitions and how to mitigate them
• Integrate best practices for client retention and vendor continuity during the transition process.
• Evaluate the role of business brokers, investment bankers, and legal professionals in the exit process

Take Aways

• 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

Delivery Method Group Internet-Based Program Level Basic Advanced Preparation None 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.    Business Management and Organization 1 Total CPE Hours   1

For NASBA sponsorship information, including refund, complaint, and/or program cancelation policies, click here.