Partnership agreement

Unfortunately, almost every firm has a number of partners (usually high-performing partners who are also high-maintenance partners) who either interpret partnership agreement provisions in a way that benefits them in some way or, worse yet, choose to ignore these provisions altogether.

Restrictive covenants are the prenuptial agreements of the accounting world.

Every year a number of small and mid-sized CPA firms either die on the vine, break up, or merge up if a well-run firm is willing to take them on.

While the governance structure of an accounting firm has little immediate client-facing impact, a firm must be well-governed to retain its people.

PKF Texas built a new three-leader management structure to propel growth.

Not all mergers are successful at first — they need tuning up.

When partners retire, maintaining client relationships and providing clear expectations are important building blocks for a firm’s sustained success.

Professional partnerships require hard work, according to ConvergenceCoaching founder and leading consultant Jennifer Wilson, who offers solutions for overcoming the stumbling blocks.

Far too many firms still don’t have a functioning plan.

Internal valuations are usually lower than external ones for these four reasons.