{ "media_type": "text", "post_content": "How does a partnership in a consulting LLP work? Once a person makes partner is there a loan that is provided to buy preferred stocks/shares in the company OR is it just handed away as a part of comp?", "post_id": "5a22df3c6a3b2300195fb9f9", "reply_count": 2, "vote_count": 1, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting", "feed_type": "crowd" }

How does a partnership in a consulting LLP work? Once a person makes partner is there a loan that is provided to buy preferred stocks/shares in the company OR is it just handed away as a part of comp?

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Partners have to buy into the partnership, which is usually done through a loan which they pay off over the first several years of being a partner.

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The one caveat is that the cost of buying those shares are usually much cheaper than the actual value. Therefore, you are getting some extra compensation as a result

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