Buying out a Business Partner?

[Saul Good]

Originally Posted by mikeyis4dcats.

I see no harm in accounting for sales from this point going forward as outside of the settlement agreement if they are basically walking away from the enterprise and not contributing further at this point.

That's going to be a tough sell. If the business is poised to have a big holiday season when the separation occurs, the business had value, albeit unrealized, in the period immediately beforehand.