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.

MORE: Take Yoda’s Advice on Strategic Planning | Buyers Name 20 Big Merger Turnoffs | Why Governing by Partner Ownership Is Bound to Fail | The Top 5 Concerns of Great Managing 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.

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Marc Rosenberg

Marc Rosenberg at cpatrendlines.com

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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