A lot is changing fast. Here’s what your partner agreement needs today.
By Marc Rosenberg
Retirements & Buyouts
Let’s take a moment to simply summarize the many critical aspects of a well written partner retirement/buyout plan.
At first glance, those unfamiliar with how a proper plan should be written may find the 20-plus key provisions listed below to be daunting. But I would caution against such thinking. In my 20 years of consulting to CPA firms in this area, I have been asked to resolve messy disputes regarding every item listed below.
MORE ON RETIREMENT: Clawback and How to Handle It | Can Partners Compete After They Leave? | Disability Is Far More Complex Than Death | Even Partner Agreements Must Face Death | 6 Ways to Leave a CPA Firm (Retirement’s Just 1) | How to Juggle Tax Considerations for Partner Retirement Benefits | Two Ways to Retire, and One’s Not Pretty | How to Transition Clients from Retiring Partners | Compromise Is In Order for Some Goodwill Payouts | Why You’ll Get Less from Your Partners in a Buyout than You Might by Selling the Whole Firm | The Multiple of Compensation Method, Fully Explained
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