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Letter for retirement from partnership
02-Mar-2023 (In Labour & Service Law)
Do I require to submit a Partnership Retirement Letter before retiring as an acting partner of a firm?
A Partnership Retirement Letter is required to be submitted by you, whenever you wish to retire from an existing partnership. It is a formal notification to the partnership about your intention to retire.
This letter should state the date of retirement, the terms of the retirement, particularly how you will be re-paid any sums due and the restrictions imposed on you following your retirement. The remaining partners of the firm shall continue to run the partnership post your retirement.
This letter should state the date of retirement, the terms of the retirement, particularly how you will be re-paid any sums due and the restrictions imposed on you following your retirement. The remaining partners of the firm shall continue to run the partnership post your retirement.
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Adv. Siddhant Sharma
Delhi | 200+ Answers
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