{ "media_type": "text", "post_content": "Partners, what happens to your units and your buy-in when you retire or leave the firm? Does the partnership buy the units back or do you just surrender them? If they buy it back, how is a price established?", "post_id": "60c1272d6bdacf0020f85f6a", "reply_count": 4, "vote_count": 4, "bowl_id": "5902937c77e26a00105a5bd9", "bowl_name": "Partner One", "feed_type": "bowl" }

Partners, what happens to your units and your buy-in when you retire or leave the firm? Does the partnership buy the units back or do you just surrender them? If they buy it back, how is a price established?

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They buy them back. The price is established throughout your years as a partner, so you know what it is. There’s a deferred tax on it too, so it doesn’t end up being that much h.

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The latter.

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