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.
Helpful?
154+
Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
Connect with top Labour & Service lawyers for your specific legal issue
No Comments! Be the first one to comment.
"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."