NEWS
Ask the Taxman by Andy Biebl
Andy Biebl DTN Tax Columnist
Mon Sep 26, 2011 11:07 AM CDT

DTN Tax Columnist Andy Biebl is a CPA and principal with the accounting firm of LarsonAllen in New Ulm and Minneapolis, Minn., and a national authority on ag taxation. His monthly features also appear in our sister publication, The Progressive Farmer magazine. To pose questions for upcoming columns on DTN, email AskAndy@telventdtn.com

Question:

Can a partnership buy out an individual partner, or do the partners, as individuals, need to make the purchase from the departing partner?

Answer:

Either approach to buying out a retiring or departing partner is acceptable. In many cases, it is more practical to have the entity ...

Quick View
Related News Stories
Ag Interest Rate Snapshot
Minding Ag's Business
Minding Ag's Business
Woodbury: Farm Family Business
View From the Cab
Smithfield Foods Profit Surges
Cost of Carry Calculation
Woodbury: Farm Family Business
Woodbury: Family Business Matters