A partnership agreement is the cornerstone of the relationship among partners of a firm and as such should be reviewed periodically to ensure that it reflects the current composition of the firm and the intention of the business partners. In an article from CPA Practice Management Forum, Accounting Firm Partnership Agreements, Russell Shapiro discusses these foundational agreements.
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This story is from the CCH’s monthly Focus on Tax newsletter, which provides advise and guidance on federal and state tax issues for tax and accounting professionals.
Read this article from CCH’s Journal of Taxation of Financial Products