what are the causes of retirement of a partner from a partnership firm. give any 5 reason
Answer (1)
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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