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Revision as of 13:33, 27 August 2025

Needing the support of a legal representative is something that nobody wishes as it usually implies you are dealing with some kind of lawful trouble which you will most likely need to think a significant economic outlay. 3 However, D.C.'s rule is directly customized to permit equity possession just by those nonlawyer partners that proactively aid the company's legal representatives in giving lawful solutions, and does not enable the sale of possession shares to plain passive nonlawyer financiers.

Several big law practice have actually transferred to a two-tiered partnership version, with equity and non-equity partners Equity companions are thought about to have ownership stakes in the company, and share in the revenues (and losses) of the company.

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