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What is the legal compensation entitled to a retiring partner, who wants to voluntary exit from the partnership? The situation, in this case, is a running and profitable business, where one partner wants to exit the partnership. The business has consistently provided returns for several years.

The firm, in this case, should value the company and the partner retiring from the firm has a proportionate value obtained after this valuation. The other partners can put in more capital to pay out the retiring partner and then the share of the retiring partner is transferred to remaining partners in the ration this additional capital was raised.


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