How Involved Should Retired Owners Be?

Those still doing work should be under contract.

By Bill Reeb and Dominic Cingoranelli
CPA Trendlines / Succession Institute

Regarding involvement of retired owners in the firm, we asked this question: “Which of the following best describes the involvement of retired owners in the firm?” Some 42 percent say they have no influence and no involvement.

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But the answers to a dozen other questions were more interesting and potentially problematic. We think there are only five possible “right” answers. The rest just make things complicated and undermine a firm’s ability to advance.

Here are the results of the survey: