Who decides how the new partner acquires their share of profits from the old partners?

All partners collective

When determining how the new partner acquires their share of profits from the old partners, it is typically a decision made collectively by all the partners in the partnership. This decision-making process involves the participation and agreement of both the new partner and the existing partners. The method of allocating the new partner's share of profits can vary depending on the specific circumstances, preferences, and negotiations among the partners. The partners may consider various factors such as the new partner's capital contribution, expected involvement in the business, expertise, experience, or any other relevant considerations. By involving all partners in the decision-making process, it ensures transparency, fairness, and consensus regarding the new partner's share of profits. This approach allows for open discussions and negotiations, taking into account the perspectives and interests of all partners involved.