Personal goodwill refers to the reputation, relationships, and other intangible assets directly attributable to an individual professional rather than the business entity itself. It is especially relevant for professional...more
8/6/2024
/ Business Assets ,
Buyers ,
C-Corporation ,
Cancellation Rights ,
Goodwill ,
IRS ,
Legal Entities ,
Letters of Intent ,
Professional Networking ,
Professional Services Companies ,
Restrictive Covenants ,
S-Corporation ,
Shareholders
When it comes to accounting firm partnership agreements, governance is a key component. In this article, we discuss various governance provisions to consider when drafting an accounting firm partnership agreement....more
As part of our ongoing partnership agreement series, in this article, we discuss how accounting firms can address retirement in firm partnership agreements.
Note: References to “partnership agreements” in this article...more
6/2/2022
/ Accounting ,
Buy-Out Agreements ,
Early Retirement ,
Governance Standards ,
Life Insurance ,
Notice Requirements ,
Partnership Agreements ,
Restrictive Covenants ,
Retirement ,
Retirement Funds ,
Retirement Plan ,
Transitional Arrangements