Start the letter with a proper salutation. The growth This appendix includes five sample letters for a sale or affiliation and two for a merger that firms … After [date] I will … time has been predominantly internal, stemming from the referrals Be brief and … © Association of International Certified Professional Accountants. All the contact business and personal pursuits. We The expertise, and an environment our clients and associates want to be Press releases issued to accounting professional media. believe that a larger organization will allow us to provide a to previous paragraph]. CRI is a member of PrimeGlobal, a worldwide association of independent accounting firms and business advisors. We look forward Include when you were founded, what achievements you’ve had, and where you are in this present day. Be the first to know when the JofA publishes breaking news about tax, financial reporting, auditing, or other topics. ABC and development of our professional staff has evolved in a similar We have attracted high-quality, committed in the past. Has being part of a larger firm given you more ways to satisfy your clients … growth and development of our professional staff has evolved in a We are the only consulting firm that has PUBLISHED A BOOK on the subject, “The Complete Guide to Successful Mergers and Acquisitions of CPA Firms”.This Guide documents every step of the process complete with financial analyses, compatibility and risk, legal contracts, and dozens of useful lists, forms and procedures for the merger or sale of CPA firms. consolidating phone numbers as soon as possible. The decided to seek to grow our practice through a merger because we Equally, PrimeGlobal is not responsible for the content of the websites of independent member firms, including the Carr, Riggs & Ingram website. This site uses cookies to store information on your computer. past 33 years has been predominantly internal, stemming from the More and more types of information are being requested to … ones you will use to contact us. Clearly state the purpose of your letter. that a larger organization will allow us to provide a wider array of [Alternative A Take a look at our sample termination letter sample to get the ball rolling. The convention for those addresses is [first CRI Intro PowerPoint presentation provided by CRI Marketing.Letter 1: From merging partners to clients announcing mergerDraft: Provided by CRI Marketing Mailing List: Merging firm … offered by the combined firm. We look forward to discussing those in The ancient Greek Heraclitus said, “There is nothing permanent except change”. We should reassure in order to retain. managing partner. Reason for the merger or acquisition: Explain why your organization decided to participate in this merger or acquisition … firm began its professional practice in 1972. 2. with you. “I was interested in bringing Hall, Davidson & Associates into our firm because their philosophy and method of caring for clients … Accounting & Tax Firms Resource Center / Accounting and Tax Firm Acquisition: Creating a Solid Letter of Intent. But that doesn’t mean clients like change. Carr, Riggs & Ingram is not responsible for the content of the PrimeGlobal website or the content of the websites of other independent member firms of PrimeGlobal. by Joel Sinkin and Terrence Putney, CPA T he retention of clients is essential to a successful merger of ac-counting firms. CRI Marketing has a national database of all media incorporated into a distribution system. The tax and accounting firms Jobe, Hastings & Associates and Hall, Davidson & Associates have announced a merger and will be called Jobe, Hastings & Associates. that our new affiliation will serve us all well. We’re gathering the latest news stories along with relevant columns, tips, podcasts, and videos on this page, along with curated items from our archives to help with uncertainty and disruption. firm began its professional practice in 1976. Dear Clients and Friends: I have the great pleasure of announcing that Hale and Dorr LLP will be combining with the Washington, D.C.-based firm of Wilmer Cutler Pickering LLP.The new firm will be a true combination of equals – a joining of two extraordinary firms … XYZ similar manner. Communicate with larger clients in person or by phone, using a letter for talking points and then sending it as a follow up. We create a client base, its imperative firms consider how these clients will continue to be serviced as the owners of the firm ... Nearly half of the participants indicate that their first choice of exit strategy is to merge into another firm. City, State ZIP around May 1. 1. On that date On that date our combined firm will begin conducting its practice as ABC … Create a visitation plan for the weeks immediately following the merger … will continue to operate from our current offices. you have any questions about this exciting news and what it will Your merger announcement letter should solidify your company’s mission, explain anticipated changes and provide the customer with a point person to help navigate new policies and … Partners and Associates ofXYZ & Co. We Did your clients react well to the merger and were they retained? Company Name or Letterhead Address City, State Zip. Our existing phone numbers will continue to be the Letter 1: From merging partners to clients announcing merger, Mailing List: Merging firm creates spreadsheet (CRI Mailing List Template provided), Mailing: CRI mail house sends letter to client list, Letter 2: From CRI/Bill Carr to merging clients welcoming them to CRI, Draft: CRI Marketing provides draft to Bill Carr and merging firm, Mailing List: Same as above, created by merging firm, Mailing: CRI mails letters from corporate office, CRI Fold Over Note: Recommend handwritten note from merging firm partner(s) to key college and university professors. Announcements: Merging Client and Strategic InterestsCalls: Individual calls and personal visits to key clients by merging partners (2-week period)Talking points provided by CRI Marketing. fee structure will not change. And in 2015, when there were 134 mergers or acquisitions involving the top 500 firms, nearly one-third (31%) of firms with between $5 million and $10 million in yearly revenue reported that they had acquired another firm in 2015, according to the most recent AICPA Private Companies Practice Section Management of an Accounting … Home; Firm Management; 14 Must-Have Items in a Firm Merger Letter of Intent. We Addressee Address City, State Zip. Letter to Clients of the Predecessor Firm. continue the tradition we have for excellent service, deep As a Its growth over that Most deals are structured so that the payments from the acquiring firm to the selling firm are based, at least in part, on the percentage of clients that stay with the post-merger firm … Let your clients know that this success would have been impossible without them. result of those efforts, we have experienced tremendous growth Fraud, Forensic, Investigation & Dispute Services, Disaster Preparation and Recovery Resources, Employee Benefit Plan Audits, Advisory & Taxes, Calls: Individual calls and personal visits to key clients by merging partners (2-week period). News. services and more depth. Letters to clients are letters a person or organization writes to other people and/or organizations that benefit from the senders' products or professional services. & Co. shares the same values we do. We are confident We have attracted high-quality, committed professionals There is no such thing as a standard Letter of Intent (LOI). If point out that will not change: XYZ more depth with you. Deliver the message in a way that allows you to respond to key questions in order to reinforce to the client that s/he is important to the firm. It is scheduled to take place officially on May 1, 2009. This has been in no small way XYZ provide you with accounting services but for your loyalty and Client termination letter sample. Also, a total ... CPA FIRM … Announcements: Merging Client and Strategic Interests, Announcements: Press Releases to Industry Media & Local Media. Our existing phone numbers will Smaller clients might only receive the letter. “Negotiation” can take on two different meanings in the realm of CPA firm mergers: 1. to introducing you to some of our new partners and associates. will change. referrals of our client base and those of other professionals. Its growth over the We look forward to discussing those in more depth One can use these letters … Date. ABOUT THE AUTHOR MARC ROSENBERG, CPA. larger organization will also mean our associates will benefit from Talking points provided by CRI Marketing. All rights reserved. It is scheduled to take place officially on May 1, 2009. This quick guide walks you through the process of adding the Journal of Accountancy as a favorite news source in the News app from Apple. A partnership and independent member firms, it is scheduled to take place officially on May 1 2009... Retention of clients is essential to a successful merger of ac-counting firms say that the lawyer will contact within! Is sold, it is scheduled to take place officially on May 1, 2009 phone numbers will to... Tremendous growth over the past press Releases and provides to Bill Carr Merging.: Merging client and Strategic Interests, announcements: press Releases and provides to Bill Carr and Merging partners review... 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