CPA - medium firm
Other
Partnership agreements need to speak to succession, compensation, governance, retirement, and more. Learn how to admit new partners, buy out partners, and establish criteria for success.
This webinar will address:
• Creating an agreement that has answers for most issues that can pop up.
• Understanding the options involved in partner succession, including death and disability.
• Alternative compensation programs.
• Knowing how to create a partnership agreement that attracts new partners.
• Making the survival of the firm the top priority in succession plans and internal valuations.
• How other firms value internal partner buyouts in today's market.
• Understanding the alternatives to partner succession, how to pay partners for working part time after they retire.
• "Eat what you kill" versus "All for one and one for all" approaches to partner buyouts.
• What you can and should include in your agreement now that can address issues down the road.
• Keys to ensuring your firm remains strong following changes in your partner group.
Jenice, VA
"This was an excellent presentation clearly outlining key points to consider in a partnership agreement. The case history examples from Mr. Sinkin's vast experience helped illustrate both pitfalls and solutions to common issues. Some of the information is also applicable for agreements for other business forms, so I would recommend this webinar even if you are not currently in a partnership. I totally enjoyed this webinar, including the New York accent!"
Gene, CT
"I am currently investigating partnership opportunities. This presentation was timely and really informative. I am convinced that I will need someone like Joel in my corner, and the best part of it was his objective was to be fair and protect the firm....amazingly civilized way to be professional."
Kelly, FL
"I enjoyed the presentation. The speaker gave a common sense presentation that reminds us that not all firms have or desire the same incentives, hence we need to consider what motivates the owners of a firm when developing and revising partnership agreements."
Cheryl, NC
"The presentation took some of the most difficult partnership issues, broke them down simply, and provided an excellent guideline for making decisions with respect to your agreement, based on your type of firm and other factors. Terrific seminar."
Nancy, SC
"Joel Sinkin is very knowledgable about the subject and offered very valuable information. If and when I have a client or business contact that requires his services I will most definitely share his contact information."
Carolyn, KY
"Great program. This was not an infomercial. Good solid information was provided in the program that will help in the decision making process when reviewing a partnership agreement."
Robert, IL
"The course was excellent and timely, since the evening before I was presented with a partnership agreement to review and approve for becoming a partner in our firm."
Chris, AZ
"I learned more in the shortest period of time during Joel's presentation than any other cpe class I've had - in twenty years as a CPA"
Joel Sinkin
Transition Advisors LLC
President
jsinkin@transitionadvisors.com
(631) 493-0022
Joel Sinkin is the President of Transition Advisors, LLC, a firm that exclusively consults on Mergers & Acquisitions for Public Accounting Firms. Mr. Sinkin is an expert in practice evaluation, succession planning, and transaction structure. He has personally overseen hundreds of transaction closings of accounting firms since 1990 and has worked with firms of all sizes, from sole proprietors to large regional and international firms. He consults on internal and external succession planning and provides complete transaction support, including valuations, alternative deal structures, documentation, due diligence, and transitional issues regarding partners, staff, and clients.
Transition Advisors is dedicated to working exclusively with accounting firms nationwide to:
- Develop and execute strategies to expand through mergers and acquisitions
- Identify objectives and create unique methods to facilitate retirement and other transition of owners
- Build business plans and owner agreements to facilitate and manage internal succession
Joel teaches CPE courses and lectures for the AICPA, many State Societies of CPAs, National Accounting Organizations, and many other professional organizations. Mr. Sinkin is frequently quoted in trade magazines. He has had dozens of articles authored by him or about him published in The Journal of Accountancy, Accounting Today, CCH, The CPA Journal, Insight, The Practicing CPA, The Practical Accountant, Inside Public Accounting, CPA Practice Management Forum, Best Practices in People Management and many more. Joel co-authored BUYING AND MERGING CPA FIRMS published by PPC.
In 2012, 2013, 2014, 2015, 2016, 2017, 2018, and 2019 Accounting Today named Mr. Sinkin one of the top 100 most influential people in accounting.
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