This is my first publication as editor of Mainbrace. Truth be told, when I was asked to be editor, I thought it was a joke, laughed and asked "seriously?" In short, I was concerned I was not up to the task.
5 , plus
Dollar for dollar of Work-in-Progress ( WIP ) at the
time of the execution of the deal.
All other assets (including accounts receivable) and
liabilities are left for the acquired practice to wind up as the
accounting law firms are generally acquiring the practice and not
the firm (e.g., so no issue if the partner(s) have other assets in
the practice).
They will interview all employees. Those brought over to the
accounting law firm, any future severance liability transfers to
them. Severance liability for employees not hired by the accounting
law firm remains with the acquired firm.
Partners in the acquired practices will normally be offered