When bringing on a new partner, how do you set up a buy in?

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I imagine at the very least, the buy in should equal my equity in the firm (cash and goodwill). I’m sure there are professionals who help with this…I’m yet to do it but I’ve been thinking a lot about brining in a partner and would likely hire someone to assist…

There are law firms that specialize in partnership formation for law firms. Jeff Cunningham out of NY does it, as does Jonathan Hawkins out of Atlanta. Not sure what state you’re in but every state has similar types of firms.

There are a ton of considerations so that’s your route unless this is your area of expertise.

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