Partner leaving - Compensation


1

We are 2 partners of a shop.

From next year we will no longer remain partners as I will be starting another business. My partner would continue to operate the shop.

What are the most common things that my partner would owe me as a compensation? How is it normally done?

Yes, it is a shop with goods.

Compensation

asked May 11 '12 at 16:18
Blank
Goths
116 points

2 Answers


1

Well, here it is - you get money from him. At least the value of the business per balance sheet (i.e. assets - liability). The rest is negotiation.

answered May 11 '12 at 20:04
Blank
Net Tecture
11 points

0

I assume referring you to your partner agreement would yield an underwhelming result.

It depends on how amicable, or otherwise it is, and whether there is a perceived (roughly) equal amount of time, money and effort that has been put into the business.

answered May 11 '12 at 16:53
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Steve Jones
3,239 points

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