We’ll get you there.
You’ve worked hard to build and sustain your business. Oak Street Funding can help your legacy live on while you enjoy a well-earned retirement. Our succession loans allow incoming owners to borrow against the future fees of the practice. They provide ownership opportunities for CPA professionals and the possibilities of a continued legacy for exiting CPA owners.
A succession or management recapitalization loan can assist in the transition of the business to the next generation. It can also be used to buy out an existing partner to restructure the ownership and maintain stability.
CPA practices often rotate in new equity partners while others are exiting, typically due to retirement. In order to buy in or join the partnership, the employee needs to make an injection of equity into the practice’s capital account. Our loans may be customized for this purpose.
A typical phased approach is illustrated by the following example:
A Phased Approach
CPA Practice Resources
We all like to think that we’ll know when it’s time for us to walk away from work for good. In fact, many of us are so eager for the things we’ll be able to do when we retire that we look forward to it. Some obligatory lunches with longtime colleagues, transition...read more
Traditionally, when a partner of a CPA practice is ready to walk away for retirement (or is being eased out the door), the other partners have essentially shared the financial burden by dipping into the practice’s capital and at least temporarily reducing the value of...read more
It’s been said that if you don’t make a plan, the world will make one for you. That’s especially true when it comes to your career. If you don’t approach your work with goals and a way to get there, you’re leaving the future in the hands of your employer and the...read more
CPA Practice Events
- Rainmaker Superconference
May 30-June 1
- AICPA Engage
- 2018 MI CPA Business Show
- CalCPA CPE Week
- Texas CPA Expo
To learn more about financing options for your business, please contact one of our knowledgable experts. We can answer any questions you may have, and suggest the best route for moving forward.
Email us below to begin the conversation.
Tina Nguyen, CPA
“Oak Street Funding has financed two loans for me, and we were able to close both within 30 days. I was very happy with the level of customer service provided by the team, and I received frequent updates regarding my loan status. I would definitely recommend Oak Street to others, and I look forward to working with them again in the future.”