Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

How does the NLJ differentiate between equity and non-equity partners?

April 26, 2017equity nlj non-equity partners

0

Posted

How does the NLJ differentiate between equity and non-equity partners?

1 Answer

0

Posted

We count equity partners as those partners who receive a Schedule K-1 and receive no more than half their compensation on a fixed-income basis. Non-equity partners are not full participants in the firm’s profits, though they may have voting rights in firm matters.