What happens if a partner becomes insolvent? in 2010, three dentists—ben rogers, judy wilkinson, and henry walker—formed a partnership to open a practice in toledo, ohio. the partnership’s primary purpose was to reduce expenses by sharing building and equipment costs, supplies, and the services of a clerical staff. each contributed $70,000 in cash and, with the of a bank loan, constructed a building and acquired furniture, fixtures, and equipment. because the partners maintained their own separate clients, annual net income has been allocated as follows: each partner receives the specific amount of revenues that he or she generated during the period less one-third of all expenses. from the beginning, the partners did not anticipate expansion of the practice; consequently, they could withdraw cash each year up to 90 percent of their share of income for the period.