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what are the causes of retirement of a partner from a partnership firm. give any 5 reason


Mousham Rajbongshi 23rd Jan, 2022
Answer (1)
Sweta jha 23rd Jan, 2022

Hi there,

A partner may retire from a partnership due to following reasons:

1. If there is an agreement to that effect

2. If all the partners agree to his retirement

3.If ppartnership is at will ,by giving a written notice to remaining partners of his decision to retire.

These are main three reason of retirement of a partner from a partnership firm.

while some other reason are following:

A partner may retire if his health is bad but this point may be included in third point

A partner may retire if he /she does not have interest in business . This point can also be included in third point.

Hope it helps you

Good luck!

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