Comp Plans for the New Managing Partner
Lessons from the best-managed firms.
By Marc Rosenberg
Author of “CPA Firm Management and Governance: The Managing Partner’s Guide to Running a CPA Firm Like a Business.”
Baby boomer partners are rapidly approaching retirement age, resulting in a dramatic increase in new managing partners at firms.
In fact, CPA Trendlines estimates that up to 25% of multi-owner firms are operating under managing partners who are relatively new to the job, with tenures under three years. And over the next five years, one-third of multi-owner firms will undergo a change in ownership and/or control. READ MORE →