7 Points of a Well-Crafted Partner Buyout Agreement

Magnifying glass held over document with word "Agreement" highlightedSuccession planning is a daily partner duty.

By Marc Rosenberg
The Rosenberg Practice Management Library

CPA firm partner retirement/buyout plans have always created angst among partners.

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Prospective and young partners often question the plans because they see themselves paying into some sort of Ponzi scheme, wondering if their payday will ever come. The departure of impactful retiring partners seems to jeopardize the future viability and hence, value of the firm.