Thanks Dave... This is exactly what I was looking for.... I did look on
AOPA but didn't see this.

jon

Dave Butler wrote:
Jon Kraus wrote:

We have a 2-way partnership in 43H. We are seriously thinking about
adding one last person and in talking to them they asked about what
happens if their job took them out of town and they had to get out of
the partnership.

What is the usual procedure? Do you get an appraisal and divide it by
3 or what? I know I should have thought about this before but our
agreement between just the two of us has the one leaving the
partnership supplying a "new" partner in their place. I think I know
what to do but I am probably missing some good information that this
group provides.


http://www.aopa.org/members/ftmag/ar...fm?article=931