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What happens if one partner wants to leave the partnership?

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What happens if one partner wants to leave the partnership?
posted Apr 1, 2016 by Shantanu Arora

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1 Answer

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When one partner leaves a partnership and allows the other to continue the business, the departing partner is entitled to receive, in addition to a share of the value of the business, a share of the profits until the business is wound up. We also held that the continuing partner is entitled to be compensated for work done during this time.

answer Jul 19, 2017 by Rupali Thakur
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