a lot is changing fast. here’s what your partner agreement needs today.
by marc rosenberg
retirements & buyouts
let’s take a moment to simply summarize the many critical aspects of a well written partner retirement/buyout plan.
at first glance, those unfamiliar with how a proper plan should be written may find the 20-plus key provisions listed below to be daunting. but i would caution against such thinking. in my 20 years of consulting to cpa firms in this area, i have been asked to resolve messy disputes regarding every item listed below.
more on retirement: clawback and how to handle it | can partners compete after they leave? | disability is far more complex than death | even partner agreements must face death | 6 ways to leave a cpa firm (retirement’s just 1) | how to juggle tax considerations for partner retirement benefits | two ways to retire, and one’s not pretty | how to transition clients from retiring partners | compromise is in order for some goodwill payouts | why you’ll get less from your partners in a buyout than you might by selling the whole firm | the multiple of compensation method, fully explained
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