Kelowna Accounting Practice Transitioned via Internal Succession
An Okanagan professional-services firm transitioned ownership to senior staff through a structured, multi-year succession plan.
The challenge
The owner wanted to reward loyal staff and protect client relationships rather than sell to an outside roll-up — but the successors could not fund a lump-sum purchase.
How we approached it
- 1Built a defensible practice valuation both sides could trust
- 2Designed a phased buy-in with earn-in milestones and a financing path
- 3Coordinated tax structuring with the client's accountant
- 4Set a client-retention transition plan to protect goodwill
The outcome
Ownership transferred smoothly to two internal successors over a structured timeline, preserving jobs, clients, and the founder's reputation in the community.
Services applied
Details anonymized and figures rounded to protect client confidentiality. Outcomes vary with market conditions, business quality, and timing.
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