Need advice from a property/business lawyer on land matter.
When a partner retires from an active company, all assets are transferred to the remaining partner with due compensation provided to the retiring partner.
- However, what happens in case of an asset (e.g. land) that has not been liquidated at the time when one of the partners retire?
- Can the retired partner still conduct activites in order to facilitate the disposal of the remaining asset/s?
Need advice on this urgentrly...requesting advice from qualified personnel. My email is boombay_central at yahoo.com (email@example.com)
Awaiting responses and/or mail...