1  # APS.net Buyer Qualification — What You Need
 2  **Created:** 2026-03-01
 3  **Status:** PREP REQUIRED before submitting
 4  **URL:** aps.net (fill out buyer qualification package online)
 5  
 6  ---
 7  
 8  ## SITUATION
 9  
10  APS.net pre-qualifies buyers before releasing practice information.
11  They do NOT release buyer packages until qualification is submitted.
12  Phone referral confirmed — website form is the path.
13  
14  ---
15  
16  ## WHAT YOU'LL NEED (typical buyer qualification)
17  
18  Gather these before sitting down at the form:
19  
20  ### PERSONAL / ENTITY INFO
21  - [ ] Full legal name: Whitt Dwyer
22  - [ ] Entity name (which entity is buying): TBD — determine with CEO + LEGAL
23  - [ ] EIN or SSN for entity
24  - [ ] Business address
25  - [ ] Phone + email
26  
27  ### FINANCIAL QUALIFICATION
28  - [ ] Proof of funds or financing letter (shows you can close)
29    - Options: bank statement, LOC letter, SBA pre-qualification, investor commitment
30    - For deals $127K-$170K (TXS5513): need to show ~$170K accessible
31  - [ ] Net worth statement or summary
32  - [ ] Credit score range (often asked — 680+ preferred for SBA)
33  
34  ### ACQUISITION EXPERIENCE / INTENT
35  - [ ] Why you want to acquire an accounting practice (2-3 sentences)
36  - [ ] Your background / qualifications (1993 web dev company, AI automation experience)
37  - [ ] How you'll operate the firm (AI transformation model — keep it simple, don't over-explain)
38  - [ ] Timeline: when you want to close
39  
40  ### LICENSING (key question)
41  - [ ] Are you a CPA? → No
42  - [ ] Will there be a licensed CPA as responsible party? → Yes (Texas §513.11)
43  - [ ] Name that CPA if possible (or state "to be identified post-LOI")
44  
45  ---
46  
47  ## STRATEGY FOR THE FORM
48  
49  **On "why do you want to buy this practice":**
50  > "I am acquiring accounting practices to modernize operations using AI automation tools, improving profitability while maintaining client relationships. I have a background in technology businesses since 1993 and am focused on the Houston market."
51  
52  **On operating the firm:**
53  > "I plan to retain existing staff, designate a licensed CPA as responsible party, and implement AI workflow tools that reduce administrative overhead while improving client service."
54  
55  **On financing:**
56  > Do NOT say "SBA loan" for TXS5513 at this stage (it's too small for SBA). Say cash/personal funds or LOC.
57  
58  ---
59  
60  ## WHAT TO DO BEFORE SUBMITTING
61  
62  1. **LEGAL agent:** Confirm which entity is the buyer (this affects everything)
63  2. **CFO agent:** Confirm proof of funds approach for $127K-$170K range
64  3. **Identify your licensed CPA contact** (even informally) before the form if possible
65  4. **Sunday = down time.** Submit Monday morning when staff are available to follow up immediately.
66  
67  ---
68  
69  ## AFTER SUBMISSION
70  
71  - Typical response: 1-3 business days
72  - They will call or email to verify
73  - Once approved: buyer packages released for all requested listings
74  - Request packages for TXS5513 + TXS5450 + TXS5491 simultaneously
75  
76  ---
77  
78  ## NEXT ACTION
79  
80  Monday morning:
81  1. Gather proof of funds document (bank statement or LOC letter)
82  2. Identify buying entity (which LLC/entity)
83  3. Go to aps.net → submit buyer qualification form
84  4. Request: TXS5513, TXS5450, TXS5491