BDO to Convert to a Corporation, Replacing US Partnership (2)

BDO USA LLP will form a professional services corporation based in Delaware, converting from its current partnership on July 1, the accounting firm said Wednesday.

Under the new structure, BDO will benefit from certain advantages that “position our firm for ongoing success as we continue to grow and transform,” it said in a statement. The firm will be known as BDO USA P.A.

The move will enable the sixth-largest US accounting firm to make faster decisions, without the backing of the full partnership, and to streamline its tax structure, among other perks.

Partnerships often rely on committees to vet strategies, ...