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May 2019 » Reviewing Contracts with Customers
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Alan Gassman, JD, LLM, and Martin M. Shenkman, JD, CPA/PFS, AEP
CPAs do not review contracts or practice law, but if they fail to pose common sense legal questions to their business clients, those clients may overlook vital steps that are essential to the safety and success of their businesses. CPA firms are always looking for ways to deepen their relationship with business clients and to add value to their compliance services; growing a business client into a client that also consults with the practice is a win-win. The catalyst for that transition may require little more than inquiries about different aspects of the business, estate plan, and so forth. If the issues identified require the expertise of an attorney, business liability insurance consultant, or other specialist, the CPA can make the recommendations or perhaps even the referral.
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