Non-Equity Partners: Why Have Them?

10 sample provisions.

By Marc Rosenberg

In a CPA firm, the equity partners are the “drivers.” They bring in business, retain clients by providing great service, lead others and develop staff into leaders. They drive the firm’s revenues and profits. Their talent, leadership skills, personality and work ethic enable the organization to achieve excellence.

MORE: Making Partner: Today’s 15 Essential Skills and Traits | Why Non-Compete and Non-Solicitation Covenants Matter | Handling Pay During the Disability of a Partner | Why Voting Isn’t Such a Big Deal | What’s in a (Firm) Name? | Protect Your Business with a Solid Partner Agreement
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All organizations need drivers to excel beyond the competition, to exceed being average. Sports teams, governments, charities, orchestras and yes, CPA firms all need drivers. An organization that lacks drivers will slide to average or worse, mediocrity.