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Protecting a Partnership on Death
All active partnerships should, ideally, have a formal agreement
or deed setting
out the division of profits between partners and the procedures
to be followed
on death, retirement or withdrawal of a partner. Failing such
an agreement,
the partnership, by law, has to be wound up on the departure
of any one of them.
In conjunction
with your legal advisers, Aspire Consultancy Limited will
help
you find a cost-effective means of keeping your business interests
where
you want them in the event of the death of a partner: with
the remaining partners.
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