The exit of a business partner is akin to a divorce, it can be a stressful time for all concerned.
Even if everything remains entirely amicable, all parties remain self-interested and need to receive a fair outcome from the event.
Then, of course, comes the very real possibility of tax consequences of such a change, not to mention administrative concerns if the result is a change to the overall business structure.
The process requires measured consideration and sound management to avoid disaster.
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