Your partnership:
Exiting a partnership
As a partner, you may not be able to sell your business interest to whomever you like as there may be restrictions included in the partnership deed. Similarly other partners may be required to, or have first call on acquiring your interest. As part of your exit strategy you should find out whether there are any such provisions, and consider putting a partnership agreement in place if you do not have one already.
 |  | Related literature: |
It may be that, when you exit from a partnership, you are not entitled to receive any capital from the partnership. In that case your exit planning should revolve around the need to consider alternative provisions, such as using some of your income from the partnership to invest in financial products that will provide some security once you leave the business.
|
Where next?
Within Your partnership
- Your business structure
- Setting up
- Accounting systems
- Payroll and PAYE
- National Insurance Contributions
- VAT
- Income tax
- Exiting a partnership
Within Your profession...
General...
