Karen Eckstein provides an overview of Professional services firms: how to sell your practice.
The demand for buying and selling professional services firms is high, driven by factors such as competitive market pressures, increased regulation, professional indemnity insurance issues, and recruitment challenges.
Many businesses are consolidating, and both buyers and sellers must address various practical issues.
We explore the issues to consider if you decide to close down or sell your practice, how to maximise the sales price, and how to cover yourself against liabilities.
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