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Revision as of 00:02, 27 August 2025

Requiring the assistance of a legal representative is something that nobody wishes as it generally suggests you are facing some kind of lawful issue which you will probably have to assume a substantial financial expense. 3 However, D.C.'s policy is directly tailored to permit equity possession only by those nonlawyer partners that proactively assist the company's legal representatives in providing lawful solutions, and does not enable the sale of ownership shares to mere passive nonlawyer capitalists.

Many large law firms have transferred to a two-tiered partnership version, with equity and non-equity companions Equity companions are thought about to have ownership stakes in the company, and share in the revenues (and losses) of the firm.

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