Eversheds set to review voting rights for fixed-share partners
Eversheds is reviewing voting rights for its fixed-share partners after asking them to contribute 25% of their annual earnings to the firm.
April 08, 2014 at 07:16 PM
2 minute read
Eversheds is reviewing voting rights for its fixed-share partners after asking them to contribute 25% of their annual earnings to the firm.
The firm has called on 164 fixed-share partners to make the contributions in light of changes to the way HM Revenue & Customs (HMRC) determines the employee status of partners at limited liability partnership (LLPs).
Partners will be deemed as employees if they have less than 25% of their salary attached to the equity, so firms would need to pay national insurance contributions for them.
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