Bringing in New Partners
Tactics for bringing in new partners have changed dramatically. And with succession planning put on the front burners of so many firms today, there is a heightened interest in developing programs for bringing in new partners.
We work with firms to address the following:
- What should be the criteria for promoting staff to partner?
- How should they be compensated?
- What should their ownership percentage be?
- What should their buy-in be?
- What voting rights should they have?
- How do they participate in the firm’s retirement plan?
- How do their duties change once they become partner?
How to Bring in New Partners: A Guide for Firms and Future Partners
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 Many firms either aren't sure how to bring in new partners or have outdated approaches for doing so.
Learn MoreTestimonials
“Your expertise and guidance was invaluable, and I am confident that we would not have been able to achieve the successful progress we made without your help. I was particularly impressed with your ability to keep us on track and explain some unfamiliar concepts to us. The insights and recommendations were spot-on and helped us to identify some key challenges. I highly recommend your services to anyone who is looking for professional and reliable consulting. Thank you again for your outstanding work.”
David P. Brown, CPA, CGMA
Founding Member
Brown Hiers Kinder LLC