Withdrawing Partner Not Liable for Overhead Incurred or Loss of Client Base Subsequent to Withdrawal

Business Valuation Update BVLaw
Legal and Court Case Update
May 19, 1999

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8721 Accounting, Auditing, and Bookkeeping Services
541211 Offices of Certified Public Accountants
judicial dissolution
partnership agreement, accounts receivable, work in process
Smith v. James, Hardy & Smith
31,812 (La.App. 2 Cir, 5/19/99), 736 So. 2d 996, 1999 La. App. LEXIS 1492
US
State Court
Louisiana
Court of Appeals
Peatross

Summary

Smith, the partner withdrawing from the accounting firm of James, Hardy & Smith, filed suit to determine the value of his interest and to obtain a judgment for the value.

See Also

Smith v. James, Hardy & Smith

Full Text of Court Cases
May 19, 1999

At issue is the valuation of plaintiff's interest in accounting parternship after withdrawling from this partnership.