TaxGuyBill
Level 15

@Greta wrote:

should I ask for a certain % of each client's fee that the new person prepares?


 

The amounts vary, but a somewhat common method is that the seller received 25% of the amount of your clients for four years.  If the client keeps going to the new preparer for four years, you would receive the equivalent of 100% of one year; if the client only goes to the new preparer for one year, you would receive the equivalent of 25% of one year.

The problem for the seller (you) with that method is that the new preparer could only be seeing their own interests; they could dump the clients they are not interested in, and therefore you wouldn't get anything for those dumped clients.

If you are more concerned about just finding someone and passing the clients to a new preparer, then you may consider a much lower amount, with the goal of just finding SOMEONE.