Quote:
Originally Posted by Unregistered
Hi everyone, I am a big 4 SM that is up for partnership next year. I feel blessed that my firm has provided me an opportunity to propel my career and becoming a rich man. I would like to extend my token of appreciation to my partners who helped me along the way. Should I organize a yatch or bachelor's party together with my bosses and other partners to celebrate my success?  |
Hate to be the one to break it to you, but you don’t become a rich man in your first year of partnership, that’s because there is a “buy-in” fee. In all likelihood unless you’re single or have external income, the sum is too big for a SM to shell out upfront. I expect you will need to take a loan from the partnership, so your first year earnings will only go back to the Partnership lol.
Come back in a few years and we can celebrate then.