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AICPA Forms Succession Planning Resource Center

A new AICPA Succession Planning Resource Center is designed to help small- and medium-sized firms contend with one of the most critical issues affecting their future. Only 35 percent of multi-owner firms and nine percent of sole owner firms have a written succession plan, according to the AICPA’s 2008 Private Companies Practice Section Succession Survey Research Report. Nevertheless, the majority of both multi-owner firms and sole proprietorships said succession planning remains a significant issue. The Resource Center is available at no cost to Private Companies Practice Section member firms. Several related articles are available to everyone.