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What happens when a partner sells his share to other partner? All the assets are staying with the other partner.
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A partnership, by definition, is "more than one". Ergo, you no longer HAVE a partnership.
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AND, depending on timing.... you may have a delinquent filing (penalty of $ ~ 195/month X number of partners).
Ya' might want to seek some professional guidance on this,
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Answers are easy. Questions are hard!
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