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PDF Editor FAQ

Why don't Deloitte (or any of the Big 4) go public?

The business model is that of a partnership and the aim is to maximise annual partner income rather than create long term shareholder value. The is also a culture of stewardship in that Partners of today aim to leave a strong business for Partners of the future. If they went public there would be a one time realisation of value for the partners at the time however the ability to attract and pay partners would be reduced as at least a portion of profit would need to be paid or retained on behalf of shareholders. I agree with the other respondent that they are not capital intensive businesses and they access capital via capital contributions from partners. (Hope that this answers the question, I was a partner at Deloitte for 15 years).

Is it transphobic where if the signicant other relationship and marriage has to be monogamous, than you only want it to be with someone you can biologically share kids with, or is it valid to have that personal preference?

If you want a partner you can have kids with, there’s nothing transphobic about that at all. And, by that same criterion, you’ll also refuse a partnership with someone who’s had a vasectomy or tubal ligation, or a congenital infertility, or whatever.

What are the legal formalities for partnership firm? Various taxes and registration processes

Everything a partner of a partnership firm should know,

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