Salaried Partner

Salaried Partner

A partner who owns a portion of a company and thus is entitled to part of its profit, but who also receives a regular salary in exchange for his/her services for the company. A salaried partner usually works for the company exclusively, while an unsalaried partner may have another job or other investments. A salaried partner may be a part of the company's management team (or even its only manager) while an unsalaried partner has little or no management role. See also: Silent partner.
References in periodicals archive ?
Soon after joining he became a salaried partner before eventually moving on to become the practice assurance partner and audit compliance partner, making him responsible for the management of the firm's practice assurance and audit quality.
Ms Thomas, who joins as a salaried partner, said: "HardingEvans has an excellent reputation in the family law sector and I am looking forward to working as part of the team.
Dennis was employed by the firm as a salaried partner and worked in the firm's offices in Walton Vale and Runcorn.
He maintained his pounds 60,000-ayear GP job as a salaried partner but says he began to clash with new staff.
Miers was a salaried partner in the Leeds firmLee Priestley based in Eastern Parade and head of the firm's private client department before she was struck off.
A A SALARIED partner, as opposed to a full partner, may receive a small share of profits but since your earnings will be primarily fixed you are unlikely to share in the losses.
In recent years, Mr Skelding, who was made a salaried partner three years ago, has been involved in providing companies with specialist management advice, helping them to make more informed decisions.
A salaried partner in a large firm, who does not shoulder all the risks of the firm's cases, may not give you the same advice as one who carries his or her entire load.
Assad said: "I am a salaried partner in this business, but I was never spoken to by the police about this.
John Watkins, who specialises in professional negligence and mortgage fraud, has been recruited from Eversheds Mr Watkins, who joins as a salaried partner, will concentrate on developing JCP Solicitors' niche lender services department.
Snaith had been a salaried partner in Mathias and Co for just 29 days when the crooked lawyer stole the money.
He joins as a retail property specialist from Andrew M Jackson, where he was a salaried partner.