Salaried Partner

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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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
However, the increased profit figures were largely caused by accounting changes brought about after a number of salaried partners were made up to equity partner.
Summary: Mumbai (Maharashtra) [India], Mar 31 (NewsVoir): Shardul Amarchand Mangaldas today announced promotion of three of its Partner Designates to Salaried Partners.
hourly and salaried partners will receive a second wage increase in addition to the annual increases that they have already received this fiscal year.
Pre-tax profits fell from [pounds sterling]3.5m to [pounds sterling]1.5m, although the firm said a direct comparison was misleading as the gap was due to fixed share partners becoming salaried partners following HMRC policy changes.
A SOUTH WALES law firm has appointed three new partners Quality Solicitors Rubin Lewis O'Brien, which has offices in Cwmbran and Cardiff, has made Damian Lines, Laura Selby and Rhys Warren, who specialise in elderly client continuing care, wills and probate and childcare and Family law, salaried partners The new appointments bring the firm's current team of partners to nine.
Former employees were owed pounds 490,000 in wages, holiday and redundancy pay, while a total of pounds 357,000 was owed to 11 salaried partners and staff.
Taking into account no controls for other factors, including pay grade, region, size of firm worked in, breaks taken, hours worked and area of law (mainly personal injury, family and conveyancing law) the median pay gap was smallest at associate level which was 10 per cent and highest for salaried partners at 24 per cent.
3 (ANI-NewsVoir): Shardul Amarchand Mangaldas is pleased to announce the elevation of 11 Salaried Partners to its partnership with effect from October 1, 2017.
Pre-tax profits fell from PS3.5m to PS1.5m, although a direct comparison was said to be misleading as the gap was due to fixed share partners becoming salaried partners following HMRC policy changes.
Things are a bit better when you include salaried partners, with the proportion of women rising to 41 out of 151.
DJ states its profits before deduction of bonuses to staff, including salaried partners, and before tax.
Following the departure of a number of salaried partners, Jonathan Geen, Philip Anderson and Chris Gambs, have joined the Cardiff Bay-based firm.