Edwin Ross of Edwin Ross Solicitors explains why misery and aggravation follows when there are no binding written agreements between practice owners.
As a solicitor, I spend much of my time dealing with accountancy practices that are looking for advice in relation to their mergers and acquisitions, as well as resolving disputes between existing owners. Although I work with a range of practices of all sizes, I am frequently confronted by accountancy firms that have no documentation or badly drafted agreements regulating the owners' affairs.
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