Question
Jackson Poll was a full partner of Poll-Line-Dance, a General Partnership that provided recreational and educational programs for children and seniors. Jackson had originally founded
Jackson Poll was a full partner of Poll-Line-Dance, a General Partnership that provided recreational and educational programs for children and seniors. Jackson had originally founded the company with Jack Line and Sunny Dance some thirty years ago. Jack and Sunny had both since passed away and retired respectively and over time new partners Peter Pew and Patrick Price had bought into the partnership several years ago but only as investors or silent partners. Their contributions would be roughly equivalent to Poll's interested in the enterprise. Jackson Poll runs the day to day operations and ultimately acts as the general manager of the operations. Now, however, Poll is ready to retire and leave the enterprise. He has approached Pew and Price about becoming more active in the management of the operations but both have declined. As such, what would you suggest is the best possible plan of action to let Poll retire?
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