Hi Thank you for your question and welcome. My name is ***** ***** I will assist you. Is there a partnership deed? Does the nephew have an employment contract? Kind regards
Hi, Thank you. Did your cousin sign the partnership deed? Does the Partnership deed contain a dissolution process? Kind regards AJ
Hi. Thank you. To evaluate this you need to ask the following questions - does he have a write to the capital, does he have liability for the losses and does he share profits - if the answer is no quite simply he is not a partner. Your father could then dissolve the partnership if he so wanted. Is the farm saleable as a total business (i.e a going concern)? Kind regards ***** ***** My apologies for the delay this question left my list temporarily.