Much like Shareholder Protection it is vital that Partners have the ability to purchase the share of the Partnership from a deceased Partner’s estate.
We will help you to understand the important benefits of having a Partnership Agreement in place to protect your personal assets as well as those of the Partnership. Many people fail to realise that in the absence of Partnership Agreement legislation from the 1890 Partnership act governs the distribution of Profits and Losses. It is unlikely that this would be the chosen distribution in the event of dissolution.
We will provide various solutions to the issues that a Partnership faces in this event.