Level 15
		
	
				
		
	
		
			
    
	
		
		
		07-30-2025
	
		
		09:19 AM
	
	
	
	
	
	
	
	
	
	
	
	
	
	
		
	
				
		
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Normally when one partner leaves a two-member partnership, the business typically dissolves, requiring a formal winding-up process involving addressing liabilities, distributing assets, and potentially buying out the departing partner's interest. The specific steps and outcomes will largely depend on the provisions outlined in the partnership agreement and applicable state laws.