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I know if I had stayed at E&Y and made it to partner, I would have been a very rich man. Someone in my network said this to me recently and I agreed. Becoming a Big 4 partner is often seen as the pinnacle of achievement for any accountant or consultant and for good reason….
Most professional partnerships are not limited companies, but are owned solely by the partners within the company. If you want to be admitted to the partnership you will typically be asked to cough up a capital sum, to qualify for a slice of the firm’s equity. This capital injection could be as little as £30k…
What many potential partners forget is that becoming a partner is also taking a step up and owning a slice of the business. As every business owner knows, you don’t need to be an accountant to manage the finances of your business carefully, but you do need to be familiar with the financial KPIs which…
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