The horizon.

Before our call, I had no idea Enrolled Agents existed as a credential, much less as a profession. Since then I have gone deep. What follows is an initial read on EnrolledAgent.com, since that is where the acquirer conversation sits. There is more to share. The full read is in the Strategic Snapshot, and we go deeper when we meet in Houston.

The first thing that surprised me in the data was how big the active EA community actually is. The IRS reports more than 60,000 credentialed Enrolled Agents in its current statistics, with even more on its full active roster.^[1] My read is that EnrolledAgent.com is sitting on top of a real national supply of licensed professionals, and no other platform has organized that supply at scale. That is rare, and it matters.

What this kind of asset costs, when it is built well, is no longer abstract. In January 2025, Thomson Reuters paid $600 million in cash for SafeSend, a tax workflow business with about $60 million in expected 2025 revenue.^[2] In July 2024, Wolters Kluwer paid €325 million for a European cloud accountancy portfolio with €34 million in 2023 revenue.^[3] Those are not the prices buyers pay for directories. Those are the prices buyers pay when three things are true:

1. The platform is software the professionals actually use as part of their daily work, not a website they visit occasionally.
2. The platform comes with a list of verified, licensed people the buyer would otherwise have to spend years recruiting and credentialing on their own.
3. The platform brings in steady recurring revenue, meaning customers pay every month or every year rather than once.

The pattern is consistent. The buyers are paying for the network of professionals and the daily-use software that runs on top of it.

The companies you would expect to be in that conversation are already saying so publicly. Intuit's 2024 Investor Day described its strategy as combining AI with networks of credentialed experts. H&R Block partnered with OpenAI in April 2025 to bring AI capabilities into its tax-professional network. Thomson Reuters has named AI investment a stated strategic priority and has been acquiring tax workflow businesses on a regular cadence.^[4] None of this is hidden. The buyers have told the market what they want.

Where the lasting advantage actually comes from, in my read, is not the AI itself. AI is the engine. The lasting advantage comes from the things that are hard for a competitor to copy, even years later. The credible analysts looking at how these kinds of platforms are valued through 2026 keep returning to the same three factors. The first is information that took years to gather and that a competitor cannot quickly recreate. The second is a network of professionals that would take a buyer years to recruit and verify. The third is trust earned inside a regulated profession, where reputation cannot be bought overnight.^[5] An EnrolledAgent.com that captures verified EA supply, structured engagement data, and compliance-safe consumer demand has a real chance to build all three. An EnrolledAgent.com that does not is a directory, and directories are not what these acquirers are paying for.

The path from where EnrolledAgent.com is today to where it could sit inside that conversation is the sum of every meaningful decision in CKO and EnrolledAgent.com between now and then. How the platform is bootstrapped or funded, what gets built first, how it stays on the right side of IRS and state regulations as it grows, and who is in the room when buyers eventually come to the table.

What I am hoping for in this work is the chance to come alongside you as a partner. To pray, plan, and prepare for how to build EnrolledAgent.com into something the biggest players in this market would pay top dollar to acquire, and to walk through those years in true success without compromising your character, your values, your relationships, or your soul. The first half is hard. The second half is harder. Both are possible by the grace of God. That is the work I would be honored to do with you.