PracticeAssureKit(): How to Sell Your Law Practice
Law Practice Sales: PracticeAssureKit(™)
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What is the PracticeAssureKit(™)? PracticeAssureKit(™) is a proprietory business software system which readies solo practitioner attorneys for transfer or sale of their law practice.
- Benefits created by the PracticeAssure (™) to solo practitioners:
- It creates the necessary practice specific schedules, data sheets, and timelines for case valuation and appraisals for sale.
- It implements the selection of a practice administrator by the attorney from a list provided by the attorney, authorized by California law in the event of incapacity or death of the attorney. This is not the same as an executor or trustee.
- It automates the consent forms and processes to transfer and all other communication documents necessary for the transfer of the practice.
- It provides a list of advanced asset protection tasks and tools for the retiring attorney.
- It helps the selling attorney create Law Products and E-Product guidance to create cash flow to the retiring attorney upon close of the sale.
- It creates a step-by-step succession plan and all documents necessary to implement the succession over a one year period.
- It enables the selling attorney to create value in the practice where value would be lost upon retirement.
- It provides guidance as to structure of sale and financing arrangements available in transfers of law practices.
- It reduces risks of post incapacity and post-death malpractice claims by creating a LawCarePlan(™) for the clients to be followed by the buying attorney.
- There are many other features of the system which we will be happy to discuss with you in person, if you are interested in the system.
- The full system is available for implementation of sale over a one year contract period.
- PracticeAssureKit(™) is the limited version of the product, and includes all the forms necessary to implement the transfer and sale, but does not include the proprietory business software system and tracking tools.
- PracticeAssure(™) is the full version of the product including the use of the proprietory business software system, implementation, grids, check points, checklists, and timelines, and tracking tools. The system is based on a one year contract and tracks the practice sale from start to finish.
- The PracticeAssureKit(™) limited version sells for $2500.00.
- The full PracticeAssure(™) system’s retail price is $35,000.00 for a one year contract. We accept most major credit cards.
To inquire about the system or to order, please email MSirkin@SirkinLaw.com or call 818-340-4479 for an appointment. http://www.SirkinLaw.com.
