308: Navigating Succession Planning

Succession planning isn’t just about stepping away; it’s about protecting the future of a CPA firm, ensuring smooth leadership transitions, and maintaining client trust and operational continuity. Alvin Fennell and Stan Sterna from Aon join us to discuss how firms can mitigate risk when going through a leadership transition.

Topics discussed:

• 1:16 – How a strong, proactive succession plan helps small and midsize firms manage professional liability risk
• 5:07 – Risk considerations for firms entering into a private equity deal
• 10:40 – How firms can ensure continued client service during a leadership transition
• 16:46 – The role of legal protections and buy-sell agreements during a firm transition
• 25:01 – Insurance considerations

Resources: