PRA2321. Partner Agreement Horror Stories, and How to Avoid Them

Have you heard the tale of the founder who wouldn't retire? Or the one about two partners who provided very different levels of value to the firm, but retired with the same buyout? The lateral-hire partner who spent little time working and a lot of time gambling with the firm's money? The firm deadlocked on any initiative due to unanimous voting or management by committee? Join us for these troublesome tales of partnership matters gone wrong, and learn how you can avoid their fate.

Learning Objectives:

• Analyze the surprising and significant ways that CPA firms have created problems by having poor partnership or operating agreements
• Identify the good intentions behind their original agreement terms (or lack of).
• Analyze how a partner agreement is not only an important legal document but serves as a blueprint for firm governance.
• Use recommendations for action so you can tell a tale of success about your firm.