Exit and Succession Planning

Richard P. Reid, CPA, a Utah CPA firm, offers succession and business exit planning services for lawyers and attorneys. The goal of succession planning is to develop an effective business exit strategy either through the sale of the business or through a transition to other family members. The process is highly customized and is designed to attain very specific, personal goals of the current owner.

If your primary goal is to sell the practice for your retirement, our Firm can help. We’ll work with you to define your goals, identify the financial strengths and weaknesses and develop a plan to maximize the value of the business. If your goal is to keep the practice in the family, we can assist you with identifying and preparing a successor, estate and trust planning, minimize gift taxes and insurance planning. With our guidance, succession planning can be a financially rewarding and pleasant experience.

Call us today at 800-279-3377 and ask for Richard P. Reid, CPA for more information.  It’s never too early to prepare an exit strategy. We work with lawyers throughout Salt Lake City, Provo, and the surrounding area.

Our succession planning and exit strategy services include:

• Preparing the business for sale or internal transfer
• Identifying a buyer or preparing a successor
• Business valuation consultation
• Estate and trust planning
• Gift tax planning
• Buy/sell agreement implementation
• Retirement planning