7 key provisions.
By Marc Rosenberg
Let’s start with a very basic, standard concept in the business world: A partner is an owner.
MORE: Why and How New Partners Buy In | Ownership Percentage and Capital Accounts | 5 Key Reasons to Have a Partner Agreement
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In any business, not just CPA firms, ownership is not free. Because partners are owners, they have to purchase a part of a company, for money, to acquire an ownership share.
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