Introducing Practice Marketplace by Karbon: A place to buy, sell, or build your accounting firm

The accounting industry faces significant challenges as many professionals near retirement age, creating an urgent need for viable exit strategies. Simultaneously, a talent shortage is limiting growth opportunities for thriving firms. As a result, mergers and acquisitions (M&A) are becoming an increasingly popular solution. However, effectively connecting buyers and sellers remains difficult, with firms often hesitant to make their intentions public or struggling to find suitable matches.

Practice Marketplace by Karbon provides a solution to this problem. Designed specifically for accounting firms, this platform facilitates secure and streamlined transactions, enabling firms to connect, negotiate, and complete deals. Think of it as the "Zillow for the accounting profession," where firms can list their businesses for sale, and potential buyers can browse, filter, and connect based on various criteria.

Features of Practice Marketplace

• Intuitive Navigation: Users can easily explore options for buying, selling, building, or seeking consulting services through straightforward tabs.

• Detailed but Private Information: Sellers can create profiles with key details, while identifying information remains anonymous until a match is made.

• Smart Filtering: Buyers can filter listings by criteria such as location, revenue, and employee count, ensuring they find the best fit for their needs.

• Direct Connections: Buyers can contact sellers directly, and sellers retain control over which inquiries to accept.

• Quality Control: Karbon reviews all participants to maintain high standards and protect all parties involved.

• Consulting Services: Firms not ready to buy or sell can access consulting services to optimize their operations and prepare for future opportunities.

Getting Started with Practice Marketplace

To use Practice Marketplace, accounting firms can create an account, complete a profile, and start browsing or listing their business. The service is free for firms with an active Karbon license, ensuring that participants are among the most progressive and efficient in the industry.

Karbon's Mission is to empower accounting firms to achieve their goals, whether that means selling, buying, or thriving independently. Practice Marketplace is more than just a listing service—it's a platform designed to bring firms together, foster growth, and create opportunities for all involved.