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"post_content": "Need advice on how to resign as a partner. I am a young partner at a very small firm (~5 partners). Our work has been slow & I am very concerned about the future of the firm & my income particularly (paid set % of firm profit, not based on personal performance). I have had several informational meetings about moving in-house & am pretty far along with one company, but don’t know how long the job hunt will take. Do I owe firm a convo now or only after I find a position? Don’t want to burn bridges",
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Rising Star
I’m afraid this is probably only a question you can answer. You are in what sounds like a pretty pure partnership, and you probably know the other partners very well. I also imagine this has been discussed, or should have been discussed, when you became a partner in a partnership. If you were simply an employee it’s a different thing. But you are not.
Yes. And we are an LLP
This is why partnership agreements should be in writing - and include language regarding retirement, leaving, incapacity, and incompetency as well as business succession planning. That doesn’t help now, but it is something you should ask for next time.
What state are you in?