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Practice Continuation Agreements

  • 1.  Practice Continuation Agreements

    Posted 08-18-2014 16:12
    This message has been cross posted to the following Discussion Forums: Small Firm Round Table and Practice Management Member Conversations .
    Are there any sole practitioner firms that have created or used a Practice Continuation Agreement between yourself and another firm?  I am a corporation but a sole practitioner and a friend of mine is an LLC but a sole practitioner as well.  We each have staff but no partners.  We want to have a Practice Continuation Agreement between our firms in the event of an injury or death of one of us.  I have researched this online and with my insurance company.  The best examples have been agreements between CPA firms.  I was wondering if any sole practitioner firms have used one of these specific for an architectural practice before and I could see as an example.

    Brian McNew AIA
    McNew Architecture, APAC
    Shreveport LA