{"id":28837,"date":"2013-07-18t04:16:31","date_gmt":"2013-07-18t08:16:31","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=28837"},"modified":"2016-04-19t11:13:36","modified_gmt":"2016-04-19t15:13:36","slug":"six-reasons-youll-wish-you-had-a-partnership-agreement","status":"publish","type":"post","link":"\/\/www.g005e.com\/2013\/07\/18\/six-reasons-youll-wish-you-had-a-partnership-agreement\/","title":{"rendered":"six reasons you&#8217;ll wish you had a partnership agreement"},"content":{"rendered":"<p><strong>with 18 key clauses and 24 essential ingredients.<\/strong><\/p>\n<p><em>by marc rosenberg<br \/>\n<a href=\"http:\/\/baystreetgroup.com\/store\/governance\/\">cpa firm management &amp; governance<\/a><\/em><\/p>\n<p align=\"left\">a partnership agreement\u00a0 contains clearly defined terms and conditions of the firm including, but not limited to, each partners&#8217; responsibilities, their pay and their roles within the business.\u00a0 it also includes rules and regulations that are to be followed by the partners in the business. it is essential for a cpa firm to have a partnership agreement, regardless of how collegial and friendly the partners are with each other.<\/p>\n<p style=\"padding-left: 30px;\"><strong>more cpa firm management &amp; governance:\u00a0<\/strong> <a title=\"permanent link to how the structure of an accounting firm changes through the years\" href=\"\/\/www.g005e.com\/2013\/07\/09\/how-the-structure-of-an-accounting-firm-changes-through-the-years\/\">how the structure of an accounting firm changes through the years<\/a>\u00a0\u00a0\u00a0 |\u00a0\u00a0\u00a0 <a title=\"permanent link to congratulations! your firm needs a human resources director\" href=\"\/\/www.g005e.com\/2013\/06\/19\/rosenberg-hr-director\/\">congratulations! your firm needs a human resources director<\/a>\u00a0\u00a0\u00a0 |\u00a0\u00a0 \u00a0<a title=\"permanent link to the 19-point marketing director job description\" href=\"\/\/www.g005e.com\/2013\/06\/06\/the-19-point-marketing-director-job-description\/\">the 19-point marketing director job description<\/a>\u00a0\u00a0\u00a0 |\u00a0\u00a0\u00a0 <a title=\"permanent link to checklist: how the best managing partners and firm admins work in concert\" href=\"\/\/www.g005e.com\/2013\/05\/22\/checklist-how-the-best-managing-partners-and-firm-admins-work-in-concert\/\">checklist: how the best managing partners and firm admins work in concert<\/a> \u00a0\u00a0\u00a0\u00a0|\u00a0\u00a0\u00a0 <a title=\"permanent link to 21 questions for managing the managing partner\" href=\"\/\/www.g005e.com\/2013\/04\/03\/21-questions-for-managing-the-managing-partner\/\">21 questions for managing the managing partner<\/a>\u00a0\u00a0\u00a0 |\u00a0\u00a0 \u00a0<a title=\"permanent link to no partner vote needed: 17 decisions best left to the managing partner alone\" href=\"\/\/www.g005e.com\/2013\/02\/28\/no-partner-vote-needed-17-decisions-best-left-to-the-managing-partner-alone\/\">no partner vote needed: 17 decisions best left to the managing partner alone<\/a>\u00a0\u00a0\u00a0 |\u00a0\u00a0\u00a0 <a title=\"permanent link to new rules: 13 items that should be in your managing partner\u2019s job description\" href=\"\/\/www.g005e.com\/2013\/02\/15\/13-items-that-should-be-in-your-managing-partners-job-description\/\">new rules: 13 items that should be in your managing partner\u2019s job description<\/a>\u00a0\u00a0\u00a0 |\u00a0\u00a0\u00a0 <a title=\"permanent link to when is it time to shift your firm from partnership-style to corporate-style governance?\" href=\"\/\/www.g005e.com\/2013\/01\/31\/when-is-it-time-to-shift-your-firm-from-partnership-style-to-corporate-style-governance\/\">when is it time to shift your firm from partnership-style to corporate-style governance?<\/a>\u00a0\u00a0\u00a0 |\u00a0\u00a0\u00a0 <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>\u00a0\u00a0\u00a0 |<\/p>\n<p>a partnership agreement can prevent potential future disagreements that could occur pertaining to the objectives and responsibilities of the firm.<\/p>\n<p>a number of years ago, i was engaged by the managing partner of a firm to draft their first-ever partnership agreement.\u00a0 the firm had three partners: the 57 year old founder, who was a dominant, rainmaking managing partner, and two other younger partners who performed at a much lower level than the founder.\u00a0 <a href=\"\/\/www.g005e.com\/2013\/07\/18\/six-reasons-youll-wish-you-had-a-partnership-agreement\/#more-28837\" class=\"more-link\">read more &rarr;<\/a><\/p>\n<div class='shareinpost'><ul class=\"socialwrap row\"><li class=\"icon_text\"><a  rel='nofollow'  target='_blank'  title='https:\/\/www.facebook.com'  href='http:\/\/www.facebook.com\/sharer.php?u=https%3a%2f%2fwww.g005e.com%2f2013%2f07%2f18%2fsix-reasons-youll-wish-you-had-a-partnership-agreement%2f&amp;t=six+reasons+you%e2%80%99ll+wish+you+had+a+partnership+agreement'  ><img  src='\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/images\/blank.gif'  height='24' width='24'  class='image-24' alt='facebook'  style='background: transparent url(\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/default\/24\/sprite-feb-24.png) no-repeat;padding:0;margin:0;height:24px;width:24px;background-position:-300px 0px'   \/> <span class=\"head\">like this on facebook<\/span><\/a><\/li><li class=\"icon_text\"><a  rel='nofollow'  target='_blank'  title='https:\/\/www.linkedin.com\/'  href='http:\/\/www.linkedin.com\/sharearticle?mini=true&amp;url=https%3a%2f%2fwww.g005e.com%2f2013%2f07%2f18%2fsix-reasons-youll-wish-you-had-a-partnership-agreement%2f&amp;title=six+reasons+you%e2%80%99ll+wish+you+had+a+partnership+agreement&amp;summary=with+18+key+clauses+and+24+essential+ingredients.%0d%0a%0d%0aby+marc+rosenberg%0d%0acpa+firm+management+%26amp%3b+governance%0d%0aa+partnership+agreement%c2%a0+contains+clearly+defined+terms+and+conditions+of+the+firm+including%2c+but+not+limited+to%2c+each+partners%27+responsibilities%2c+their+pay+and+their+roles+within+the+business.%c2%a0+it+also+inclu'  ><img  src='\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/images\/blank.gif'  height='24' width='24'  class='image-24' alt='linkedin'  style='background: transparent url(\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/default\/24\/sprite-feb-24.png) no-repeat;padding:0;margin:0;height:24px;width:24px;background-position:-850px 0px'   \/> <span class=\"head\">share on linkedin<\/span><\/a><\/li><li class=\"icon_text\"><a  rel='nofollow'  target='_blank'  title='https:\/\/twitter.com\/'  href=\"http:\/\/twitter.com\/share?url=https%3a%2f%2fwww.g005e.com%2f2013%2f07%2f18%2fsix-reasons-youll-wish-you-had-a-partnership-agreement%2f&amp;text=%23cpa+link%3a++-+ via+%40cpa_trendlines\"  ><img  src='\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/images\/blank.gif'  height='24' width='24'  class='image-24' alt='twitter'  style='background: transparent url(\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/default\/24\/sprite-feb-24.png) no-repeat;padding:0;margin:0;height:24px;width:24px;background-position:-1625px 0px'   \/> <span class=\"head\">tweet this item<\/span><\/a><\/li><li class=\"icon_text\"><a rel=\"_self\" href=\"mailto:?subject=cpa%20trendlines%20:%20six%20reasons%20you&#8217;ll%20wish%20you%20had%20a%20partnership%20agreement&amp;body=here's%20something%20worth%20seeing%20from%20\/\/www.g005e.com...\r\n\r\n\r\n\r\n%20%20\/\/www.g005e.com\/2013\/07\/18\/six-reasons-youll-wish-you-had-a-partnership-agreement\/\" title=\"email this: six reasons you&#8217;ll wish you had a partnership agreement \"><img loading=\"lazy\" decoding=\"async\" src=\"\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/images\/blank.gif\" height=\"24\"  width=\"24\" style=\"background: transparent url(\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/default\/24\/sprite-feb-24.png) no-repeat;padding:0;margin:0;height:24px;width:24px;background-position:-275px 0px\" class=\"image-24\"  alt=\"email\" \/> <span class=\"head\">email this<\/span><\/a><\/li><\/ul><div class=\"clean\"><\/div> <\/div>","protected":false},"excerpt":{"rendered":"<p><strong>with 18 key clauses and 24 essential ingredients.<\/strong><\/p>\n<p><em>by marc rosenberg<br \/>\n<a href=\"http:\/\/baystreetgroup.com\/store\/governance\/\">cpa firm management &amp; governance<\/a><\/em><\/p>\n<p align=\"left\">a partnership agreement\u00a0 contains clearly defined terms and conditions of the firm including, but not limited to, each partners&#8217; responsibilities, their pay and their roles within the business.\u00a0 it also includes rules and regulations that are to be followed by the partners in the business. it is essential for a cpa firm to have a partnership agreement, regardless of how collegial and friendly the partners are with each other.<\/p>\n<p style=\"padding-left: 30px;\"><strong>more cpa firm management &amp; governance:\u00a0<\/strong> <a title=\"permanent link to how the structure of an accounting firm changes through the years\" href=\"\/\/www.g005e.com\/2013\/07\/09\/how-the-structure-of-an-accounting-firm-changes-through-the-years\/\">how the structure of an accounting firm changes through the years<\/a>\u00a0\u00a0\u00a0 |\u00a0\u00a0\u00a0 <a title=\"permanent link to congratulations! your firm needs a human resources director\" href=\"\/\/www.g005e.com\/2013\/06\/19\/rosenberg-hr-director\/\">congratulations! your firm needs a human resources director<\/a>\u00a0\u00a0\u00a0 |\u00a0\u00a0 \u00a0<a title=\"permanent link to the 19-point marketing director job description\" href=\"\/\/www.g005e.com\/2013\/06\/06\/the-19-point-marketing-director-job-description\/\">the 19-point marketing director job description<\/a>\u00a0\u00a0\u00a0 |\u00a0\u00a0\u00a0 <a title=\"permanent link to checklist: how the best managing partners and firm admins work in concert\" href=\"\/\/www.g005e.com\/2013\/05\/22\/checklist-how-the-best-managing-partners-and-firm-admins-work-in-concert\/\">checklist: how the best managing partners and firm admins work in concert<\/a> \u00a0\u00a0\u00a0\u00a0|\u00a0\u00a0\u00a0 <a title=\"permanent link to 21 questions for managing the managing partner\" href=\"\/\/www.g005e.com\/2013\/04\/03\/21-questions-for-managing-the-managing-partner\/\">21 questions for managing the managing partner<\/a>\u00a0\u00a0\u00a0 |\u00a0\u00a0 \u00a0<a title=\"permanent link to no partner vote needed: 17 decisions best left to the managing partner alone\" href=\"\/\/www.g005e.com\/2013\/02\/28\/no-partner-vote-needed-17-decisions-best-left-to-the-managing-partner-alone\/\">no partner vote needed: 17 decisions best left to the managing partner alone<\/a>\u00a0\u00a0\u00a0 |\u00a0\u00a0\u00a0 <a title=\"permanent link to new rules: 13 items that should be in your managing partner\u2019s job description\" href=\"\/\/www.g005e.com\/2013\/02\/15\/13-items-that-should-be-in-your-managing-partners-job-description\/\">new rules: 13 items that should be in your managing partner\u2019s job description<\/a>\u00a0\u00a0\u00a0 |\u00a0\u00a0\u00a0 <a title=\"permanent link to when is it time to shift your firm from partnership-style to corporate-style governance?\" href=\"\/\/www.g005e.com\/2013\/01\/31\/when-is-it-time-to-shift-your-firm-from-partnership-style-to-corporate-style-governance\/\">when is it time to shift your firm from partnership-style to corporate-style governance?<\/a>\u00a0\u00a0\u00a0 |\u00a0\u00a0\u00a0 <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>\u00a0\u00a0\u00a0 |<\/p>\n<p>a partnership agreement can prevent potential future disagreements that could occur pertaining to the objectives and responsibilities of the firm.<\/p>\n<p>a number of years ago, i was engaged by the managing partner of a firm to draft their first-ever partnership agreement.\u00a0 the firm had three partners: the 57 year old founder, who was a dominant, rainmaking managing partner, and two other younger partners who performed at a much lower level than the founder.\u00a0 <a href=\"\/\/www.g005e.com\/2013\/07\/18\/six-reasons-youll-wish-you-had-a-partnership-agreement\/#more-28837\" class=\"more-link\">read more &rarr;<\/a><\/p>\n<div class='shareinpost'>\n<ul class=\"socialwrap row\">\n<li class=\"icon_text\"><a  rel='nofollow'  target='_blank'  title='https:\/\/www.facebook.com'  href='http:\/\/www.facebook.com\/sharer.php?u=https%3a%2f%2fwww.g005e.com%2f2013%2f07%2f18%2fsix-reasons-youll-wish-you-had-a-partnership-agreement%2f&amp;t=six+reasons+you%e2%80%99ll+wish+you+had+a+partnership+agreement'  ><img  src='\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/images\/blank.gif'  height='24' width='24'  class='image-24' alt='facebook'  style='background: transparent url(\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/default\/24\/sprite-feb-24.png) no-repeat;padding:0;margin:0;height:24px;width:24px;background-position:-300px 0px'   \/> <span class=\"head\">like this on facebook<\/span><\/a><\/li>\n<li class=\"icon_text\"><a  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no-repeat;padding:0;margin:0;height:24px;width:24px;background-position:-850px 0px'   \/> <span class=\"head\">share on linkedin<\/span><\/a><\/li>\n<li class=\"icon_text\"><a  rel='nofollow'  target='_blank'  title='https:\/\/twitter.com\/'  href=\"http:\/\/twitter.com\/share?url=https%3a%2f%2fwww.g005e.com%2f2013%2f07%2f18%2fsix-reasons-youll-wish-you-had-a-partnership-agreement%2f&amp;text=%23cpa+link%3a++-+ via+%40cpa_trendlines\"  ><img  src='\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/images\/blank.gif'  height='24' width='24'  class='image-24' alt='twitter'  style='background: transparent url(\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/default\/24\/sprite-feb-24.png) no-repeat;padding:0;margin:0;height:24px;width:24px;background-position:-1625px 0px'   \/> <span class=\"head\">tweet this item<\/span><\/a><\/li>\n<li class=\"icon_text\"><a rel=\"_self\" href=\"mailto:?subject=cpa%20trendlines%20:%20six%20reasons%20you&#8217;ll%20wish%20you%20had%20a%20partnership%20agreement&amp;body=here's%20something%20worth%20seeing%20from%20\/\/www.g005e.com...\n\n\n\n%20%20\/\/www.g005e.com\/2013\/07\/18\/six-reasons-youll-wish-you-had-a-partnership-agreement\/\" title=\"email this: six reasons you&#8217;ll wish you had a partnership agreement \"><img loading=\"lazy\" decoding=\"async\" src=\"\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/images\/blank.gif\" height=\"24\"  width=\"24\" style=\"background: transparent url(\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/default\/24\/sprite-feb-24.png) no-repeat;padding:0;margin:0;height:24px;width:24px;background-position:-275px 0px\" class=\"image-24\"  alt=\"email\" \/> <span class=\"head\">email this<\/span><\/a><\/li>\n<\/ul>\n<div class=\"clean\"><\/div>\n<\/p>\n<\/div>\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":[2259,1908,5,3120,2266],"tags":[575,93,86],"class_list":["post-28837","post","type-post","status-publish","format-standard","hentry","category-leadership","category-management","category-outlook","category-pro-member-exclusive","category-partner","tag-leadership","tag-management","tag-partner","membership-content","access-restricted"],"acf":[],"yoast_head":"<!-- this site is optimized with the yoast seo plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>six reasons you&#039;ll wish you had a partnership agreement - 卡塔尔世界杯常规比赛时间<\/title>\n<meta name=\"description\" content=\"actionable intelligence for tax, accounting, and financial professionals\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"\/\/www.g005e.com\/2013\/07\/18\/six-reasons-youll-wish-you-had-a-partnership-agreement\/\" \/>\n<meta property=\"og:locale\" content=\"en_us\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"six reasons you&#039;ll wish you had a partnership agreement - 卡塔尔世界杯常规比赛时间\" \/>\n<meta property=\"og:description\" content=\"actionable intelligence for tax, accounting, and financial professionals\" \/>\n<meta property=\"og:url\" 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