Law Firm Partnerships and LLCs: Maximizing Partner/Member Interest with “Hot Assets”
11/30/2010
Many law firm partners are dealing with the implications of transferring their partnership interest or otherwise combining practices. In the cases when a partner sells an ownership interest outright or acquires an interest through the provision of services (i.e., sweat equity), they will have to consider the effect that “hot assets” will have on the net after-tax derived from a sale.
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