{"id":25450,"date":"2013-01-31t04:43:45","date_gmt":"2013-01-31t09:43:45","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=25450"},"modified":"2016-04-19t11:13:56","modified_gmt":"2016-04-19t15:13:56","slug":"when-is-it-time-to-shift-your-firm-from-partnership-style-to-corporate-style-governance","status":"publish","type":"post","link":"\/\/www.g005e.com\/2013\/01\/31\/when-is-it-time-to-shift-your-firm-from-partnership-style-to-corporate-style-governance\/","title":{"rendered":"when is it time to shift your firm from partnership-style to corporate-style governance?"},"content":{"rendered":"<p><strong>which is best for your firm?<\/strong><\/p>\n<p>by marc rosenberg<em><br \/>\nauthor of <a href=\"http:\/\/baystreetgroup.com\/store\/rosenberg-profit\/\" target=\"_blank\">\u201ccpa firm management and governance.\u201d\u00a0<\/a><\/em><\/p>\n<p>cpa firm management styles generally fall into two categories:\u00a0 partnership and corporate. for the sake of argument, let&#8217;s use the terms \u201cpartnership\u201d and \u201ccorporate\u201d to describe management styles, rather than legal entities such as partnership, corporation, llc, etc.<\/p>\n<figure id=\"attachment_4229\" class=\"thumbnail wp-caption alignright\" style=\"width: 78px\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-4229\" src=\"\/\/www.g005e.com\/wp-content\/uploads\/2009\/08\/marc_rosenberg.jpg\" alt=\"marc rosenberg\" width=\"78\" height=\"120\" \/><figcaption class=\"caption wp-caption-text\">marc rosenberg<\/figcaption><\/figure>\n<p style=\"padding-left: 30px;\"><em><strong>more on cpa firm management and leadership for pro members <\/strong><\/em><strong>[<a href=\"\/\/www.g005e.com\/membership-options\">go pro her<\/a><\/strong><strong><a href=\"\/\/www.g005e.com\/membership-options\">e<\/a>]<\/strong><em><strong><em>:\u00a0\u00a0\u00a0<\/em><\/strong><\/em><em><a title=\"permanent link to: not every firm needs a general patton\" href=\"\/\/www.g005e.com\/2013\/01\/28\/not-every-firm-needs-a-general-patton\/\">not every firm needs a general patton<\/a><\/em><em>\u00a0\u00a0<\/em><em>\u2022<\/em>  <a title=\"permanent link to: overcoming the three biggest obstacles in succession planning at cpa firms\" href=\"\/\/www.g005e.com\/2013\/01\/09\/overcoming-the-three-biggest-obstacles-in-succession-planning-at-cpa-firms\/\">overcoming the three biggest obstacles in succession planning at cpa firms<\/a>\u00a0<strong>\u00a0<\/strong><em>\u2022<\/em><strong>\u00a0 <\/strong><a title=\"permanent link to: cpa firm merger \u201cnon-negotiables\u201d\" href=\"\/\/www.g005e.com\/2013\/01\/04\/cpa-firm-merger-non-negotiables\/\">cpa firm merger \u201cnon-negotiables\u201d<\/a> <strong>\u00a0\u00a0<\/strong>\u2022<strong>\u00a0\u00a0 <\/strong><a title=\"permanent link to: the \u201caha moment\u201d in cpa firm leadership\" href=\"\/\/www.g005e.com\/2012\/12\/27\/my-aha-moment-in-cpa-firm-leadership\/\">the \u201caha moment\u201d in cpa firm leadership<\/a> <strong>\u00a0 <\/strong>\u2022<strong>\u00a0 <\/strong><a title=\"permanent link to: leadership is overrated: it\u2019s good management that makes successful firms\" href=\"\/\/www.g005e.com\/2012\/12\/18\/leadership-is-overrated-its-good-management-that-makes-successful-firms\/\">leadership is overrated: it\u2019s good management that makes successful firms<\/a>\u00a0\u2022\u00a0 <a title=\"permanent link to 40 great ways to improve firm profitability\" href=\"\/\/www.g005e.com\/2012\/12\/08\/40-great-ways-to-improve-firm-profitbility\/\" rel=\"bookmark\">40 great ways to improve firm profitability<\/a>\u00a0 \u2022\u00a0 <a title=\"permanent link to four management metrics that fool even the best-run firms\" href=\"\/\/www.g005e.com\/2012\/12\/03\/four-management-metrics-that-fool-even-the-best-run-firms\/\" rel=\"bookmark\">four management metrics that fool even the best-run firms<\/a>\u00a0 \u2022\u00a0 <a title=\"permanent link to 19 ways to improve accounting firm profitability\" href=\"\/\/www.g005e.com\/2012\/11\/24\/19-ways-to-improve-accounting-firm-profitability\/\" rel=\"bookmark\">19 ways to improve accounting firm profitability<\/a> \u2022<strong>\u00a0<\/strong><a title=\"permanent link to: de-bunking the myth about niche marketing for tax and accounting firms\" href=\"\/\/www.g005e.com\/2012\/11\/17\/de-bunking-the-myth-about-niche-marketing-for-tax-and-accounting-firms\/\">de-bunking the myth about niche marketing for tax and accounting firms<\/a> \u2022\n<\/p>\n<p>in this article, we&#8217;ll:<\/p>\n<ul>\n<li>define each style<\/li>\n<li>compare the two styles&#8217; pro&#8217;s and con&#8217;s<\/li>\n<li>explain the concept of &#8220;rights&#8221;<\/li>\n<li>explain the key duties of a partner in a corporate-style firm<\/li>\n<li>when a firm needs to think about shifting from partnership to corporate<\/li>\n<\/ul>\n<p> <a href=\"\/\/www.g005e.com\/2013\/01\/31\/when-is-it-time-to-shift-your-firm-from-partnership-style-to-corporate-style-governance\/#more-25450\" class=\"more-link\">read more &rarr;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p><strong>which is best for your firm?<\/strong><\/p>\n<p>by marc rosenberg<em><br \/>\nauthor of <a href=\"http:\/\/baystreetgroup.com\/store\/rosenberg-profit\/\" target=\"_blank\">\u201ccpa firm management and governance.\u201d\u00a0<\/a><\/em><\/p>\n<p>cpa firm management styles generally fall into two categories:\u00a0 partnership and corporate. for the sake of argument, let&#8217;s use the terms \u201cpartnership\u201d and \u201ccorporate\u201d to describe management styles, rather than legal entities such as partnership, corporation, llc, etc.<\/p>\n<figure id=\"attachment_4229\" class=\"thumbnail wp-caption alignright\" style=\"width: 78px\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-4229\" src=\"\/\/www.g005e.com\/wp-content\/uploads\/2009\/08\/marc_rosenberg.jpg\" alt=\"marc rosenberg\" width=\"78\" height=\"120\" \/><figcaption class=\"caption wp-caption-text\">marc rosenberg<\/figcaption><\/figure>\n<p style=\"padding-left: 30px;\"><em><strong>more on cpa firm management and leadership for pro members <\/strong><\/em><strong>[<a href=\"\/\/www.g005e.com\/membership-options\">go pro her<\/a><\/strong><strong><a href=\"\/\/www.g005e.com\/membership-options\">e<\/a>]<\/strong><em><strong><em>:\u00a0\u00a0\u00a0<\/em><\/strong><\/em><em><a title=\"permanent link to: not every firm needs a general patton\" href=\"\/\/www.g005e.com\/2013\/01\/28\/not-every-firm-needs-a-general-patton\/\">not every firm needs a general patton<\/a><\/em><em>\u00a0\u00a0<\/em><em>\u2022<\/em>  <a title=\"permanent link to: overcoming the three biggest obstacles in succession planning at cpa firms\" href=\"\/\/www.g005e.com\/2013\/01\/09\/overcoming-the-three-biggest-obstacles-in-succession-planning-at-cpa-firms\/\">overcoming the three biggest obstacles in succession planning at cpa firms<\/a>\u00a0<strong>\u00a0<\/strong><em>\u2022<\/em><strong>\u00a0 <\/strong><a title=\"permanent link to: cpa firm merger \u201cnon-negotiables\u201d\" href=\"\/\/www.g005e.com\/2013\/01\/04\/cpa-firm-merger-non-negotiables\/\">cpa firm merger \u201cnon-negotiables\u201d<\/a> <strong>\u00a0\u00a0<\/strong>\u2022<strong>\u00a0\u00a0 <\/strong><a title=\"permanent link to: the \u201caha moment\u201d in cpa firm leadership\" href=\"\/\/www.g005e.com\/2012\/12\/27\/my-aha-moment-in-cpa-firm-leadership\/\">the \u201caha moment\u201d in cpa firm leadership<\/a> <strong>\u00a0 <\/strong>\u2022<strong>\u00a0 <\/strong><a title=\"permanent link to: leadership is overrated: it\u2019s good management that makes successful firms\" href=\"\/\/www.g005e.com\/2012\/12\/18\/leadership-is-overrated-its-good-management-that-makes-successful-firms\/\">leadership is overrated: it\u2019s good management that makes successful firms<\/a>\u00a0\u2022\u00a0 <a title=\"permanent link to 40 great ways to improve firm profitability\" href=\"\/\/www.g005e.com\/2012\/12\/08\/40-great-ways-to-improve-firm-profitbility\/\" rel=\"bookmark\">40 great ways to improve firm profitability<\/a>\u00a0 \u2022\u00a0 <a title=\"permanent link to four management metrics that fool even the best-run firms\" href=\"\/\/www.g005e.com\/2012\/12\/03\/four-management-metrics-that-fool-even-the-best-run-firms\/\" rel=\"bookmark\">four management metrics that fool even the best-run firms<\/a>\u00a0 \u2022\u00a0 <a title=\"permanent link to 19 ways to improve accounting firm profitability\" href=\"\/\/www.g005e.com\/2012\/11\/24\/19-ways-to-improve-accounting-firm-profitability\/\" rel=\"bookmark\">19 ways to improve accounting firm profitability<\/a> \u2022<strong>\u00a0<\/strong><a title=\"permanent link to: de-bunking the myth about niche marketing for tax and accounting firms\" href=\"\/\/www.g005e.com\/2012\/11\/17\/de-bunking-the-myth-about-niche-marketing-for-tax-and-accounting-firms\/\">de-bunking the myth about niche marketing for tax and accounting firms<\/a> \u2022\n<\/p>\n<p>in this article, we&#8217;ll:<\/p>\n<ul>\n<li>define each style<\/li>\n<li>compare the two styles&#8217; pro&#8217;s and con&#8217;s<\/li>\n<li>explain the concept of &#8220;rights&#8221;<\/li>\n<li>explain the key duties of a partner in a corporate-style firm<\/li>\n<li>when a firm needs to think about shifting from partnership to corporate<\/li>\n<\/ul>\n<p> <a href=\"\/\/www.g005e.com\/2013\/01\/31\/when-is-it-time-to-shift-your-firm-from-partnership-style-to-corporate-style-governance\/#more-25450\" class=\"more-link\">read more &rarr;<\/a><\/p>\n","protected":false},"author":1339,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[2259,1908,5,3120],"tags":[1107,575,93],"class_list":["post-25450","post","type-post","status-publish","format-standard","hentry","category-leadership","category-management","category-outlook","category-pro-member-exclusive","tag-governance","tag-leadership","tag-management","membership-content","access-restricted"],"acf":[],"yoast_head":"<!-- this site is optimized with the yoast 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