According to the AICPA's 2012 Private Companies Practice Section (PCPS) Succession Survey, only 46% of multi-owner firms and 6% of sole practitioners have a written succession plan. The Succession Planning Resource Center provides the resources firms need to make their firms succession-ready and is available at no cost to PCPS member firms. It incorporates a variety of succession scenarios that practitioners can work through, including: selling the firm, merging the firm, developing new leadership and transitioning with retiring partners.
This material has been developed from a big-picture, holistic perspective to help practitioners effectively address their succession management needs. While you may find some value in just reading a chapter or two and skipping around in the material on this site, we strongly recommend that you at least skim all of the material on this site to help create a better context for your decision making process.