here’s what you’re looking for: marc rosenberg

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ownership percentage and capital accounts

cut pie chart on plate flanked by fork and knife3 ownership percentage problems and 4 provisions for the capital section.

by marc rosenberg

the term “ownership percentage” has wrought havoc in cpa firm operations for decades. how so?

more: what’s in a (firm) name? | a crash course in partner retirement/buyout plans | 5 key reasons to have a partner agreement | protect your business with a solid partner agreement
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first, let’s take a step back. there are five primary ways that ownership percentage may impact a firm and its partners: read more →

mergers & acquisitions

what’s in a (firm) name?

post with two signs, "same" and "change"there are reasons to change, but don’t do it without reflection.

by marc rosenberg

this will be short because this area is cut and dried. let’s focus on how a firm’s name affects the way it is managed.

more: a crash course in partner retirement/buyout plans | 5 key reasons to have a partner agreement | 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.

there are two primary scenarios to examine.
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featured

a crash course in partner retirement/buyout plans

3 issues to decide and 25 main provisions to include.

by marc rosenberg

when firms call me for help on their partner agreement, i immediately ask this question: “do you want help with your entire partner agreement or just the retirement/buyout part?” two-thirds of the time, they want to address only the retirement plan.

more: 5 key reasons to have a partner agreement | 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.

my practice in the area of cpa firm partner agreements consists of two parts:

  • the partner retirement/buyout plan.
  • everything else. i often refer to this as the general partner agreement.

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management

5 key reasons to have a partner agreement

plus what can happen if you don’t.

by marc rosenberg
partner agreement essentials

what is a partner agreement?

according to nolo.com, “a partner agreement spells out the rights and responsibilities of the firm’s owners.  without one, firms will be ill equipped to settle or avoid conflicts because if certain key passages are missing or written improperly, the courts will intervene in ways that the partners may not like. a partner agreement allows the firm’s partners to structure their business relationships with each other in ways that suit their desires, needs and preferences.”

more on partnership: protect your business with a solid partner agreement | how business entity type affects partner income | equity vs. non-equity partners | partner pay in retirement transition period | buyout: the flip side of buying in
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but most readers probably knew this definition, so it might not be very illuminating. let’s try this one.
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management

protect your business with a solid partner agreement

number 6plus 6 ways they’ve changed over the years.

by marc rosenberg
partner agreement essentials

buying a family home is one of the the biggest investment most people make in their lives. and because most of us are not real estate experts, we protect ourselves by engaging an attorney to ensure that the purchase is handled correctly.  we don’t hesitate for a moment to invest a few thousand dollars of attorney fees to hire an expert.

more on partnership: how business entity type affects partner income | what partnership gets you (and doesn’t) | 5 cautionary tales in partner compensation | partner pay in retirement transition period | 23 key provisions in a partner buyout | management stipends: who, how and why | when a firm tanks while a partner soars | research results: how firms pay new partners | what does buy-in buy? | how profitability affects income allocation | keys to bringing in new partners
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

being a partner in a cpa firm should be no different.
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