bonus: sample agreement language.
during my career, i’ve seen partners come to blows over this.
more: deciding how to allocate partner income | principals who aren’t cpas | 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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one partner has a non-attest client who offers an opportunity to invest in the client’s business. a very common example is a client who is a real estate syndicator. this can often be quite lucrative for the partner.
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