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Emerging Partners Toolkit – Section 5

Jun 24, 2023 · 8 min read

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Pathway to partnership: A program for emerging professionals

Emerging Partners Toolkit home page

Section 5, chapter 1: Developing a partnership structure

Setting the initial partnership parameters, the foundation to long-term firm success

When a professional firm makes the decision to pursue a long-term partnership structure, there are many implications. The decision implies that the founders …

  • Are seeking to create a going concern with appropriate succession plans to replace themselves in leadership

  • Intend for the firm to outlive their own

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