Estate of Matteson v. Matteson

¶ 1. In Lange v. Bartlett, 121 Wis. 2d 599, 602, 360 N.W.2d 702 (Ct. App. 1984), we explained that when one partner leaves a partnership and allows the other to continue the business, the departing partner is entitled to receive, in addition to a share of the value of the business, a share of the profits until the business is wound up. We also held that the continuing partner is entitled to be compensated for work done during this time. Id. at 606. This case requires us to address in more detail the calculation of the outgoing partner's profit share and the continuing partner's labor…