Top three succession traps for incoming acquirers

You may be offered a succession arrangement from a practice owner or partner who has retirement in their sights. The simplest transition is one where you buy 100% of the equity at the outset. However this is not a succession arrangement. It is an acquisition. A succession arrangement is where you gradually acquire equity over time. For most of the succession period both parties hold equity. Sometimes a buyer prefers a succession arrangement to an upfront acquisition as a way of securing a mentor or because of nervousness about transition issues. Sometimes a vendor sees it as a more gradual way to deal with change. Whatever its motivation, there is no doubt that it is more complex than an out

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Email: peter @ peterfrankl     Tel: 0413 871 231
Peter Frankl Pty Ltd, PO Box 848 Edgecliff NSW 2027
Level 5, 203-233 New South Head Rd, Edgecliff, NSW
Business Agent Lic. 20145288  Corporate. Lic. 1416310