Mandatory Retirement: Pros and Cons (And Is It Legal?)

It depends.

Of all the issues involved in CPA firm governance, mandatory retirement is one of the most hotly contested and debatable provisions in a partner agreement.

MORE: Partner Duties, Prohibitions and Grounds for Expulsion | Quick Tip: Partners Investing in Clients | Why You Might Want an Executive Committee | Buyout When a Partner Dies | Why and How New Partners Buy In | A Crash Course in Partner Retirement/Buyout Plans
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First, let’s clarify what we mean by “mandatory retirement.”

Posted on August 22, 2018

Marc Rosenberg

About the Author

Marc Rosenberg, CPA, is a nationally known consultant, author and speaker on CPA firm management, strategy, and partner issues.

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His CPA Trendlines publications include:

President of his own Chicago-based consulting firm, The Rosenberg Associates, he is founder of the most authoritative annual survey of mid-sized CPA firm performance statistics in the country, The Rosenberg Survey. He has consulted with hundreds of firms throughout his 20+ year consulting career. Accounting Today has acknowledged Marc Rosenberg as one of Top 100 Most Influential People in the CPA profession for the past 11 consecutive years and INSIDE Public Accounting has repeatedly recognized him as one of the Ten Most Recommended CPA Firm Consultants.

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