Ira...

I thought there is a stipulation in the IRS code that requires a
partnership to dissolve if more than half of the partners leave in a tax
year. If I get a chance, I'll see if I can't find the section of the
code before the end of the week. I fully understand your punchiness!

John Munn

IraS1@aol.com wrote:

> >>Are there any rules or restrictions on the amount of members
> that can leave a club (partnership) in a single year?
>
> Yes. You can't have more members leave than were in the club to begin
> with.
>
> Ira Smilovitz
> (sorry if I'm a little punch drunk with 24 hours left in tax season)