BONUS: 28 main provisions.
By Marc Rosenberg
The Rosenberg Practice Management Library
This article summarizes key points that new partners should know about CPA firm partner buyout plans. If you want greater detail, you’re in luck. We devoted an entire book to the subject, CPA Firm Partner Retirement/Buyout Plans.
MORE: Comp: What New Partners Don’t Know | Making Partner: 15 Steps to the Buy-In | Drive Your Profits with Only Four Metrics | How to Create a Path to Partner
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One of the benefits that new partners receive in exchange for their buy-in is that they will receive a buyout when they retire. This amount can be in excess of a million dollars at many firms. Receiving a retirement buyout is one of the major reasons becoming a partner is so lucrative.
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