In the past four years, accounting firms have been experimenting with diverse ownership and management models to address longstanding issues after generations of the same structures.
Restructuring the Accounting Firm
After generations with the same ownership and management models, accounting firms have been experimenting over the past four years with a wide range of new and newly popular structures, in order to solve a number of problems.
Explores the trend of firms adopting a wide range of new ownership models, including why they're doing it, and what the likely long-term impact will be on how people start and run accounting firms in the future.
While the partnership model has served the profession well for generations, it does have its flaws, and as this feature details, one of the biggest of those is the ability of partners to slow or stop the growth of the firm.
Over the last four years, firms have started exploring a much wider range of ownership models and management structures. Discover a glossary of all the new or newly popular ways accountants are organizing their practices.
