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Questions and Answers
What is the topic of the text?
What is the topic of the text?
- Partnership agreements
- Retirement of a partner (correct)
- Investment strategies
- Financial planning for retirement
Why is retirement of a partner an important consideration?
Why is retirement of a partner an important consideration?
- To avoid paying taxes
- To ensure smooth transition of ownership (correct)
- To attract new partners
- To increase profits
What is one possible effect of a partner's retirement on a business?
What is one possible effect of a partner's retirement on a business?
- Increased competition
- Decreased capital (correct)
- Improved efficiency
- Higher taxes
