Russell Shapiro, a partner in the firm's Corporate & Securities Group, recently had his article, "Accounting Firm Mergers," published in the April 2013 edition of CPA Practice Management Forum. The article addresses the legal aspects and process involved in combining two accounting firms.
From the article:
Typically, the structure of combining two accounting firms is very simple. The most common structure is for the partners of the selling firm to join the acquiring firm and for certain assets of the selling fi rm to be transferred to the acquiring firm. Then, the selling fi rm is liquidated and wound-up over a period of time. This is not always the case. Sometimes there is a merger, and sometimes there is an acquisition of the selling firm’s equity.
See the full article here.
This article is reprinted with the publisher’s permission from CPA PRACTICE MANAGEMENT FORUM.