Firm Governance, Buy Ins, Buy Outs, and Your Partner Agreement

How do your firm’s key decisions get made? How many partners must agree to move strategic issues forward? How will your practice be valued upon retirement? Is it the same for when a new partner buys in? These are all issues that should be addressed in your partnership or operating agreement.

These often misunderstood aspects of a partnership become critical and sometimes divisive when firm changes cause you to apply them. In this half-day session, we’ll explore things to consider when creating or updating your partner agreement and determining the governance of your firm, including:

  • Identifying the roles, responsibilities, and decision-making authority of the partners
  • Exploring ways for determining buy/sell and retirement values
  • Understanding the essential elements that should be included in all partner agreements

Questions about this course or a training? Contact us.

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