Partnership Accounting

In recent years, an increasing number of partnerships have been forming as an alternative to incorporation. Partnerships allow for a greater amount of money, skill and other resources to be pooled and are subject to limited government regulations. We can advise you on whether or not a Partnership is the right option for you and help you through all the steps of setting one up. Our consulting and accounting services are also available for existing Partnerships.

Our services for Partnerships include:

  • Accounting for initial investments
  • Capital interest
  • Compensation for services and capital
  • Allocation of earnings
  • Allocation of ownership interest
  • Withdrawal and addition of partners