Succession Plans Simmer on the Back Burner


 

 

 

 

 

According to the AICPA’s 2008 PCPS Succession Survey, almost 70% of multi-owner firms and more than 50% of sole proprietors (sole owner firms and sole practitioners) believe succession planning will be a significant issue for them in the near future.

But only 35% of multi-owner firms and 9% of sole proprietors actually have a written succession plan in place.

For more of the survey’s findings and to access the Succession Planning Resource Center, visit http://pcps.aicpa.org/Resources/Succession+Planning.

Source: The AICPA, www.aicpa.org.

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