Partnerships: Liquidation
Partnerships: Liquidation
– 1. A partner’s death
– 2. A partner’s voluntary withdrawal
– 3. Judicial determination, including:
• a) The partner engaged in wrongful conduct that
materially and negatively affected the partnership
– [continued on next slide]
16-5
Lump-Sum Liquidations
Forced Liquidation
Expenses of Liquidation
Installment Liquidations
LAP Example
LAP Example
Incorporation of a Partnership
Incorporation of a Partnership
End of Chapter
Partnerships: Liquidation