Is Mandatory Retirement a Best Practice?

Is Mandatory Retirement a Best Practice?

Marc Rosenberg, CPA ~ I’ll start with the punch line.  Yes, it is a best practice. But only if your firm’s vision is to stay independent into the next generation by developing future leaders and retaining retirees’ clients. If you

Continue Reading

The Essence of a Well-Crafted Partner Buyout Agreement

The Essence of a Well-Crafted Partner Buyout Agreement

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

Continue Reading

Do or Do Not – There Is No ‘Try’

Do or Do Not - There Is No 'Try'

Those are the immortal words of one of my two favorite movie mentors, Yoda from Star Wars.  (Mr. Miyagi from Karate Kid is a close second).  Yoda is giving young Luke Skywalker his Jedi training and asks if he is

Continue Reading

Buyers Talk: Big Merger Turnoffs

Buyers Talk: Big Merger Turnoffs

Merger talks hitting a bump in the road? Is a potential buyer losing interest? Here’s a list of obstacles buyers I’ve worked with recently have cited. Not every buyer will consider each one of these issues a turnoff. Think of this

Continue Reading