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| Law Firm (partnership)
Report what will happen to your interest in a law firm partnership in Part 3. In addition, report the partnership interest in Part 2 (see Part 2 of this guide for details).
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Employer or Party
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City/State
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Status and Terms
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Date
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Faraday, Maxwell & Franklin
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NY, NY
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Pursuant to the partnership agreement, following my withdrawal from the firm, I will receive my final partnership share distribution in four quarterly payments. The total amount of the payments will be calculated as of the date of my withdrawal.
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4/1998
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Faraday, Maxwell & Franklin
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NY, NY
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Pursuant to the partnership agreement, following my withdrawal from the firm, I will receive a lump-sum payment of my capital account. This payment will be calculated as of the date of my withdrawal.
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4/1998
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For You
Part 3
Report any agreement or arrangement that you have concerning the refund of your capital account, the payment of an anticipated partnership share, and, if applicable, the removal of your name from the partnership. In addition, if you are an Annual or Termination filer, report any such arrangement that you had at any point during the reporting period.
Employer or Party: Provide the name of the firm.
City/State: Provide the city and state in which the firm is located.
Status and Terms: Provide the terms under which the payments will be (or were) paid. If the payments are being (or were) made pursuant to an established agreement or firm policy, you should note that fact in your description. In addition, if your name will be (or was) removed from the partnership, disclose the change (e.g., “partnership was changed to ‘Faraday & Maxwell’ upon my withdrawal”).
Date: Provide the month and year in which you entered into the agreement or arrangement.
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