Financial services

At McMillan Woods, our approach is refreshingly straightforward. We think like a client and put your priorities first. As you will appreciate, the world of financial services can be rather complex and somewhat confusing. Our role is to “jargon-bust” the language, ensuring you avoid any potential pitfalls and make sure the advice we dispense exceeds your expectations. Through our associated companies, we advise on a wide range of financial services.

Succession planning – Public accounting practices

If you require advice in this area, feel free to contact us for a free consultation. Our advisors will look at the key issues involved in the sale of a public accounting practice from the perspectives of both the purchaser and the vendor.

On the “succession planning diagnostic”, we will obtain a quick online assessment of the level of succession readiness for a public accounting practice together with the identification of possible succession options and an indicator of practice value although we appreciate that the value of a practice is somewhat subjective but from a careful assessment of the governance of the target practice, a more realistic value can be mutually agreed upon between both parties.

At McMillan Woods, we have formulated a range of “succession planning checklists” to assist public accounting practices assess and document the relevant strategies to improve on their succession planning readiness.

By the same token, we have also developed a comprehensive range of “succession planning working papers” to assist public accounting practices assess and document the relevant strategies to improve on their succession planning readiness.

The key question is – To buy or to sell a public accounting practice?

To assist with the business buyers and business sellers right to the transition of ownership, please email your enquiry to the Secretariat Office at info@mcmillanwoods.com for more information.