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Latest revision as of 17:00, 4 September 2024

Requiring the support of a legal representative is something that nobody desires as it typically indicates you are encountering some sort of lawful trouble which you will probably need to think a significant economic outlay. 3 Nonetheless, D.C.'s rule is directly tailored to allow equity possession just by those nonlawyer companions that actively assist the company's legal representatives in supplying legal services, and does not enable the sale of possession shares to mere passive nonlawyer financiers.

Lots of huge law office have transferred to a two-tiered partnership design, with equity and non-equity partners Equity companions are thought about to have possession stakes in the firm, and share in the revenues (and losses) of the company.

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