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PRESTIGE INSTITUTE OF MANAGEMENT
GWALIOR
presented to -
Prof. Pooja Jain
presented by –
Naina Keswani
Priyansh Shrivastava
Anshu Dubey
Nandini Bansal
Topic = Retirement of Partner
PARTNERSHIP
PARTNERSHIP IS A MUTUAL
AGREEMENT AMONG PARTNERS
TO CARRY ON A LEGAL BUSINESS.
IT CAN BE FORMED AT ANYTIME,
WHEN TWO OR MORE PERSONS
DESIRE.
KINDS OF PARTNERS
•ACTIVE PARTNER
•SLEEPING PARTNER
•SENIOR PARTNER
•JUNIOR PARTNER
•SECRET PARTNER
•MINOR PARTNER
RETIREMENT OF A PARTNER
WHEN ONE OR MORE
PARTNERS LEAVES THE FIRM
AND THE REMAINING
PARTNERS CONTINUE TO DO
THE BUSINESS OF THE
FIRM, IT IS KNOWN OF A
PARTNER.
Various cases of new ratio and gaining ratio are -
1) Retiring partner’s share distributed in
existing ratio.
2) Retiring partner’s share distributed
in specified proportions.
3) Retiring Partner’s share is taken by
one of the partners.
DISADVANTAGES OF EARLY RETIREMENTS –
IT COULD BE BAD FOR YOUR HEALTH.
YOU’LL NEED TO FIND HEALTH INSURANCE.
YOUR RETIREMENT SAVINGS WILL HAVE TO
LAST FOR MORE YEARS.
YOUR SOCIAL SECURITY BENEFITS WILL BE
SMALLER.
Retirement of partner

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Retirement of partner

  • 1. PRESTIGE INSTITUTE OF MANAGEMENT GWALIOR presented to - Prof. Pooja Jain presented by – Naina Keswani Priyansh Shrivastava Anshu Dubey Nandini Bansal Topic = Retirement of Partner
  • 2. PARTNERSHIP PARTNERSHIP IS A MUTUAL AGREEMENT AMONG PARTNERS TO CARRY ON A LEGAL BUSINESS. IT CAN BE FORMED AT ANYTIME, WHEN TWO OR MORE PERSONS DESIRE.
  • 3. KINDS OF PARTNERS •ACTIVE PARTNER •SLEEPING PARTNER •SENIOR PARTNER •JUNIOR PARTNER •SECRET PARTNER •MINOR PARTNER
  • 4.
  • 5. RETIREMENT OF A PARTNER WHEN ONE OR MORE PARTNERS LEAVES THE FIRM AND THE REMAINING PARTNERS CONTINUE TO DO THE BUSINESS OF THE FIRM, IT IS KNOWN OF A PARTNER.
  • 6.
  • 7.
  • 8. Various cases of new ratio and gaining ratio are - 1) Retiring partner’s share distributed in existing ratio.
  • 9. 2) Retiring partner’s share distributed in specified proportions.
  • 10. 3) Retiring Partner’s share is taken by one of the partners.
  • 11. DISADVANTAGES OF EARLY RETIREMENTS – IT COULD BE BAD FOR YOUR HEALTH. YOU’LL NEED TO FIND HEALTH INSURANCE.
  • 12. YOUR RETIREMENT SAVINGS WILL HAVE TO LAST FOR MORE YEARS. YOUR SOCIAL SECURITY BENEFITS WILL BE SMALLER.