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I can't speak directly to your wife's situation. However, many professional service firms admit new partners through an "internal loan" whereby a portion of the new partner's share of the profits are "withheld" (i.e. paid to the other partners) until the internal loan is paid in full or for a specified number of years.

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Q: Your wife is about to become a partner in an existing two partner accountancy firm they say she wont need a business loan for this how is this?
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