liability of retirement partner in partnership


Hi sir,

2 partners partnership firm is there. one partner desired to retire and one more partner is coming as new partner. so what are liabilities part in partnership and should they close the bank account or remaining partnership partners can continue the existing bank account with new Deed.
plz explain clearly.

Regards ,
Venkatesh Goud,
7893426765
 
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senior

it depends upon the terms and conditions in the Partnership Deed of the firm.

 
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