Succession Planning & Minority Firms

When Diversity Is the Deal

Planning for the growth, sale, or succession of any accounting firm is challenging, but minority-owned firms require special attention to future leadership, mission, and cultural preservation years before decisions get made.

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Source: IL CPA Society Insight Magazine

Prado & Renteria —represented by Maria Prado— was featured in IL CPA Society’s Insight publication (Fall 2020 issue) on the topic of succession planning and its importance for a minority firm. 

How should a leader at a unique firm… approach succession planning or a sale or merger? Maria Prado advises to “start thinking about it when you start the business”. Indeed, an action plan is well needed to guide the future.

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