As partners approach retirement age, they naturally focus on who can take their place and eventually write their retirement checks. Prospective new partners often have a lot of questions about what becoming a partner entails. Many firms either aren’t sure how to bring in new partners or have outdated approaches for doing so. This book answers the fundamental questions: What are the best practices for bringing in new partners? How is the buy-in structured? How is ownership handled? What are the expectations of a CPA firm partner?

It offers expert advice on:

• How do firms develop staff into partners and when are they ready?
• Should we have non-equity partners?
• What is the process for bringing in a new partner?
• How do new partners get compensated?
• What should the buy-in amount be?

NEW! Toolkit

We are now offering a proprietary toolkit that includes a dozen key documents your firm can use including one-page discussion documents (PDF) and editable Word files of key resources from the book. The toolkit is available as a $95 add-on to your book purchase and offers:

High-Impact One-Page PDFs for sharing with your partner group

• Bringing in a New Partner: Thresholds and Core Competencies
• Basic Role and Expectations of Partners
• What Partners Are and Are Not Entitled To

Editable Resources – Word documents to save you time typing up these useful pages

• The New Partner’s Job Description
• Path to Partner Milestones Checklist
• Partner Evaluation and Impact Form

To order, choose a Toolkit option when adding to your cart.

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