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Reply to "Partner @ Law Firms - Unanticipated Expenses/Income or Disappointed with Starting Compensation"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Pity the poor partners.[/quote] Pity the small business, because that is what you are as a partner, with the government then getting to double dip on taxes. [/quote] a partnership does not pay any taxes at the partnership level (in fact most small businesses don't) so I don't know what double dip you are talking about. FWIW, my old firm tried to arrange things so that the new partners didn't take home less than they did before making partner, but it didn't always happen.[/quote]
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