non-equity partners: why have them?

10 sample provisions.

by marc rosenberg

in a cpa firm, the equity partners are the “drivers.” they bring in business, retain clients by providing great service, lead others and develop staff into leaders. they drive the firm’s revenues and profits. their talent, leadership skills, personality and work ethic enable the organization to achieve excellence.

more: making partner: today’s 15 essential skills and traits | why non-compete and non-solicitation covenants matter | handling pay during the disability of a partner | why voting isn’t such a big deal | what’s in a (firm) name? | protect your business with a solid partner agreement
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all organizations need drivers to excel beyond the competition, to exceed being average. sports teams, governments, charities, orchestras and yes, cpa firms all need drivers. an organization that lacks drivers will slide to average or worse, mediocrity.
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making partner: today’s 15 essential skills and traits

do you have what it takes? bonus: six boxes to check off, and seven tough questions.

by marc rosenberg

what is the right stuff to earn a promotion to partner? this is one of several questions that if asked of ten partners from different firms, you may get ten different answers.

more: why you might want an executive committee | how to specify managing partner duties | when votes must be taken, what are the options? | ownership percentage and capital accounts | 5 key reasons to have a partner agreement

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i have worked the following script dozens of times at partner retreats: i ask the group what it means to be a partner and write their responses on a flipchart. when we’re done, one of the partners yells out “oh no. none of us qualifies!” and because the truth is often said in jest, this retort is no joke.

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why non-compete and non-solicitation covenants matter

businessman sitting in office and reading documentsbonus: a sample agreement.

by marc rosenberg

“non-compete” and “non-solicitation” are two terms often used interchangeably. though they are similar, there are important differences.

more: why you might want an executive committee | how to specify managing partner duties | when votes must be taken, what are the options? | ownership percentage and capital accounts | 5 key reasons to have a partner agreement
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

for the sake of brevity, we use the term “non-competes” to refer to both covenants.
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why you might want an executive committee

business people having meeting10 specific duties.

by marc rosenberg

as firms evolve in size, many things need to change.

more: how to specify managing partner duties | handling pay during the disability of a partner | why voting isn’t such a big deal | what’s in a (firm) name? | protect your business with a solid partner agreement
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

one of the biggest changes over time is how the firm is managed.
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how to specify managing partner duties

older executive businesswoman drinking coffee and reviewing papers bound in notebook.11 suggestions for inclusion in the partner agreement.

by marc rosenberg

there are certain provisions in a partner agreement that should be kept simple and short because over time, firms have a habit of making changes quite often. you don’t want to have to change your partner agreement every time you change the managing partner’s role.

more: handling pay during the disability of a partner | buyout when a partner dies | why and how new partners buy in | a crash course in partner retirement/buyout plans | protect your business with a solid partner agreement
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

good examples are the firm’s system for allocating partner income and, to the point of this post, duties of the managing partner.
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