Partner Agreements

Outdated partnership agreements are easily the most neglected aspect of CPA firm practice management. The problem is not necessarily the age of the document per se; instead, these agreements either have provisions that are no longer applicable to the way firms are managed today or they lack new, essential provisions that well managed firms are adopting, or both.

Most attorneys do not know how to write a proper, state of the art, CPA firm partnership agreement. This may surprise a lot of firms We are not attorneys, but we know what concepts need to be incorporated into an effective agreement and we work with firms to either identify needed changes or to draft an entirely new agreement.

Our approach is to work with the firm to draft a report that summarizes the conceptual changes needed so that you can give this to your attorney, who converts it to a proper, enforceable, legal document. This process should result in a substantial reduction in your attorney’s fees.

We work with firms in a wide variety of ways:

  1. Remotely or on-site visit.
  2. We have a great questionnaire that the partners can complete. But some firms prefer to go through each area in person and discuss as a partner group as we go along.



I find these writings extremely useful in my role as managing partner. I attend many PM seminars, read a lot of books on professional services and listen to a lot of the top CPA firm consultants. The content in your books brings together in one place the best practices preached by all of these experts.

Charles Postal, CPA
Managing Partner
Santos Postal & Co.
Rockville, Maryland