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What happens to a business when a partner passes away?

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What happens to a business when a partner passes away?
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It depends on what was agreed upon in the partnership contract. Many firms carry insurance on the individual so they can exercise first rights of refusal to buy out the deceased partner's shares.
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the other lawyer has some options...keep the law firm going as his or her own firm, take on another partner in the firm, or join another firm entirely. If there are many partners in the firm, usually another attorney will be hired, and the name of the law firm will change to reflect the new partner.
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