I work with a practice providing (non-financial) business advisory services to their clients. We want to put a contract in place but there are a couple of points where I would appreciate some advice.
1. Is it reasonable to expect reciprocity with any fees for incremental accounting work to be provided on the same basis under which we do work for the practice?
2. If things go wrong, what period of time would be considered reasonable for ongoing commissions to be provided to the practice? This assumes the client wants to continue to work with the adviser.
Many thanks
David Owen
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hmm
don't 4get all commissions earned from the relationship have to be disclosed to clients, and passed to them via adjusted fees, so why bother?