What is the best way to protect the operating assets of a partnership in the event of a dissolution?
I'm currently drafting a partnership agreement and I'm concerned about the ability of my business to continue if the partnership dissolves. The business I'm starting will (eventually) handle a considerable volume of high-value merchandise. The possibility of buying out the departing partner's share seems as though it might be too costly and arbitrarily dividing the merchandise inventory could lead to a messy disagreement about its potential value. Is it possible to assign the entire merchandise inventory to one partner, with the stipulation that profits from the future sales of the (divided) inventory will be shared?
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