Fair Business Valuation When Terminating a Partnership
Shuster & Co.
FEBRUARY 27, 2021
Business partnerships are formed for many reasons, and many people find decades of success with the right partner. Sooner or later, nearly all partnerships come to an end. In many cases, a major life event, such as retirement, a change in health, divorce, etc. or conflicting viewpoints between partners may prompt a dissolution. Ideally, during the company’s founding, a dissolution procedure would have been outlined in the partnership agreement, but this isn’t always the case.
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