The best choice depends on your personality, experience, and long-term vision. Consider your risk tolerance and comfort level with managing others. Here's a breakdown to help you choose:
Solo trader: This is a great option if you enjoy working independently and have a manageable client base. It's simpler to set up, but you'll shoulder all the responsibilities.
Partnership: Teaming up with another accountant offers a shared workload, expertise, and potential for growth. However, communication, profit-sharing, and decision-making need clear agreements.
Buying an existing practice: This gives you a ready-made client base and infrastructure. Research thoroughly to ensure it aligns with your goals and the financials stack up.