Mandatory Retirement? 4 Reasons The Firm Comes First

Elderly businessman with hand on door frameAnd 6 reasons that firms struggle.

By Marc Rosenberg
Retirements & Buyouts

At CPA firms, the concept of requiring partners to retire at a certain age has been around for decades. The mandatory requirement policy has its roots in the “one-firm” concept of managing a firm: The interests of the firm should always be more important than the interests of any individual partner.

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Why a mandatory retirement policy is good for the firm: