Hill Dicks asks salaried partners for capital investment ahead of LLP tax changes
Hill Dickinson will ask its non-equity partners to invest 30% of their salary into the firm, ahead of changes to the tax rules for limited liability partnerships. The move is currently subject to a consultation, which kicked off a fortnight ago. Exact details of the plan will be presented to the partnership at the end of the month, with the firm hoping to raise the capital by 31 March.
February 19, 2014 at 07:51 AM
2 minute read
Hill Dickinson will ask its non-equity partners to invest 30% of their salary into the firm, ahead of changes to the tax rules for limited liability partnerships (LLPs).
The move is currently subject to a consultation, which kicked off a fortnight ago. Exact details of the plan will be presented to the partnership at the end of the month, with the firm hoping to raise the capital by 31 March.
In exchange for contributing the capital, each salaried partner will be given a nominal equity point.
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