In legal form a partnership ends when a partner leaves the

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In legal form, a partnership ends when a partner leaves the partnership or a new aprtner joins the partnership. Though technically, the partnership no longer exists, wlith the intent of the remaining partners, operations often continue as if nothing has changed. Does the partnership really have to reconstitute itself legally, and, if so, would it be wise to do so without a formal agreement?

Reference no: EM13569137

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