Quote:
Originally Posted by Unregistered
interesting
means day 1 partners are all equity partners?
what about junior partners?
No buy in period?
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Buy-in refers to the lump sum you have to pay the partnership when you join them. It’s not a “period” but a monetary sum. Some new partners do not have that kind of cash upfront, so they take a loan from other partners / take a private loan.
Most of their profit sharing from the first few years will go towards repaying this loan.