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
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
State Court
Court of Appeals


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

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