a sharing of overhead items, as compared to working in one's face each day. Biggest problems in pro partnerships.......that cannot be handled by allocation of profits by revenue brought in.........are costs of transition (ie buyouts), and time inputs when the professional staff gets large. When the professional staff gets large, and a partner starts letting the staff do "all the work"-------that is when the rest of the partners start throwing stuff into the fan......too much resentment over "I'm paying the three year guys to do his work while he is playing golf". As long as the pro partnership is small.........where the partners are the main technicians (law partnership in the county seat town whose partners are near in age) instead of figureheads ..........large city firms which continue to break into multiple segments..............the pro partnerships work. With any small partnerships where the decisions of how to do things are joint efforts.............that's a breeding ground for dissension.............too many chefs in the stew. Sharing of equipment and labor according to stipulated rules..........while each decides how many hours he is going to work on his own 500A...........different story........these can work........because it is back to being an association for the purpose of sharing overhead, as compared to leaning on each other's weaknesses. |