When Is It Best For Partners To Stay Together and When Is It Best To Part?

Making the partnership work seven ways to Sunday.

by Marc Rosenberg, CPA

Sometimes a parting of ways is best because the partners are simply incompatible. People change. Their values change. Their priorities change. When these changes become so huge as to produce constant conflict, it may be best to shake hands and part ways.

More Marc: Pick Your Partners Right to Begin With  •  The First Nine Questions Your Partner Team Needs to Embrace for Optimal Profitability  • Profitability and The Value of Strategic Thinking  • The Five Essential Building Blocks for Creating a Strong Accounting FirmThe Seven Signs of Great Leadership in a CPA FirmCompensation Issues for the New Managing Partner  • 20 Decisions for Your Firm’s New Partner Compensation Committee  • Three Ways to Break Partner Gridlock in an Accounting Firm  • What Partners Are Entitled To, and What They’re NOT Entitled To | How to Make Partner?  • Why Accounting Firm Partners Are “Popping Prozac like M&M’s”

What does it take for partners to stay together?

Here are seven critical requirements: