Discussion:This may be the wrong place to ask but....
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Discussion Forum Index --> Tax Questions --> This may be the wrong place to ask but....
AugustaCPA (talk|edits) said: | 26 November 2007 |
| what would you call someone in a firm who is going to be a partner at a determined future date? For example, if a person has been accepted as a partner in a year or year in half. Would this person be referred to as a "partner-in-training?" Is there such a thing? | |
| 26 November 2007 | |
| I have heard of a partner in training title before as well as junior partner. | |
| 26 November 2007 | |
| You might give him an interim title like "Director" or "Principal" or "Senior Manager." I presume that until this person becomes a partner, he is an employee of the firm. I was never a partner in a Big-howevermany accounting firm, but I was a principal, treated like a partner in all ways except that I was paid as an employee and not in partnership units.
"Partner-in-waiting" or "Soon-to-be-partner" would be descriptive, but I wouldn't put it on a business card <G>. | |
Donniecastleman (talk|edits) said: | 26 November 2007 |
| how about "part", not quite a partner! Then everyone could call him a young/old part! (haha) | |
| 26 November 2007 | |
| Or Partner Candidate ...
I like Donnie's idea better, though <G> | |
Johnhuddleston (talk|edits) said: | 27 November 2007 |
| Partner Designate (xx/xx/200x)??
John Huddleston http://huddlestontax.com | |
| 27 November 2007 | |
| I like Sr. Manager. No employment contract (i.e. no promises made). He's an employee, and I would not muddle it. You could always say that there are opportunities to make partner. However, if he is partner material, he's partner material on Jan 1 '08, and I'd start it then. How many clients is he bringing with him? | |
| 27 November 2007 | |
| For fun, you might want to do a search for "profits interest" here, and add your thoughts as to what exactly that might be, as I'm still not a 100% sure myself. | |
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