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Admitting A Partner Into A Partnership

Business Law discussions

Admitting A Partner Into A Partnership

Postby Laidley » Fri Dec 02, 2016 7:39 am

If you state all partnership assets in terms of current prices at the admission of a new partner the new partner will not share in any of the gains earned by the current partners. My question is how do I determine those current prices?
Laidley
 
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Admitting A Partner Into A Partnership

Postby matthieu2 » Sat Dec 03, 2016 1:27 pm

Kelly Jo:

You don't say what type of assets the partnership owns, which may impact how they are valued. This is really an accounting question, and you might consider consulting one, if you have not already.  

Some accountants specialize in business valuation can assist in making this determination. If the partnership owns real estate, the properties can be appraised to determine their current fair market value.  Regardless, finding a valuation expert will be critical in your scenario

Good luck. Check out http://bradyadvisor.wordpress.com  for informative articles on business legal issues.

This posting is for informational purposes only. It is NOT to be used as a substitute for specific legal advice or opinions, and the transmission of this information does not create an attorney-client relationship between sender and reader. Internet subscribers and online readers should NOT act upon this information without seeking professional counsel.  
matthieu2
 
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Admitting A Partner Into A Partnership

Postby Lothen » Sun Dec 04, 2016 2:01 am

If you state all partnership assets in terms of current prices at the admission of a new partner the new partner will not share in any of the gains earned by the current partners. My question is how do I determine those current prices?
Lothen
 
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