First, a note from our President and Founder:

"In April 2023, the US SBA released a guideline update for the loan program.  Effective August 1, 2023, new updates were made to the standard operating procedure. These changes include; an option for partial business acquisition, new rules on equity injection, simplified affiliation standards, streamlined criteria for determining creditworthiness, elimination of liquidity tests, and elimination of hazard insurance for a loan under $500,000. Stay tuned for our blog that will dive into these new SBA SOP changes." 

- Justin Farmer, Esq., CBI

President & Founder of Private Practice Transitions

FEATURED BLOG:

The Pros and Cons of Selling Your Practice to a Competitor

When selling a private practice, whether a CPA firm or a physical therapy clinic, it’s common to find a competitor interested in buying the business. Selling your practice to a competitor is a difficult decision, so we’ve listed the pros and cons of the transaction in our newest blog, The Pros and Cons of Selling Your Practice to a Competitor.

Listing 1224

Established in 1989, this Oregon Firm has offered high-quality legal services to countless clients. The Practice’s service by revenue breakdown is Estate Planning/Trust/Wills (43%), Probate & Trust Administration (34%), Elder Law (17%), and Other (6%). As of April 2023, the Practice has approximately 143 client cases actively being prepared. Over the past three (3) years, the Practice has averaged gross revenues of $823,179 (2020-2022). Including the Owners, the Practice has four (4) total employees. The Practice’s success can be attributed to its client-centric approach, resulting in a loyal client base and a strong reputation for excellence in the legal community. The Owners are willing to provide transition assistance and help with goodwill transfer, business development, and other “mentoring” functions for an agreed-upon period, up to twelve (12) months.  

Coming Soon...

Stay tuned for these Washington tax and accounting practice opportunities.

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