Partners and practices
The partnership is not a portfolio.
A counsel, a doctor, or a senior partner can be well paid and still concentrated in one firm, one city, and one reputation.
Context
Professional capital arrives as drawings, a share of a practice, and property. The practice cannot be sold like a factory, and it is easy to confuse with the household.
Approach
Separate the practice from the household. Then look at cash, at concentration, and at what continues if the partner steps back.
Capabilities
- Practice interest distinguished from household capital
- Drawings and irregular income
- Concentration in one firm
- Property held alongside the practice
- Continuity if the partner stops working
- Tax on a partnership, kept visible
Relevant platform modules
- Portfolio Intelligence
- Liquidity
- Tax & Fees
- Risk
- Scenario Analysis
- Reporting
