BONUS CHECKLIST: 25 best practices for managing partners.
By Marc Rosenberg
CPA Firm Retreats
In firm management and governance, we find two distinct management styles: partnership vs. corporate.
Partnership style. Democracy heavily impacts the way partnerships are governed. In a democracy, every partner has a vote and there is a “majority rules” mentality. A system of checks and balances prevents leaders from becoming dictators. The “citizens” want a reasonable amount of input into decisions.
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In a partnership style, partners have “certain inalienable rights” like:
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