Normally a prospective partner will be expected to pay a certain sum for his share of the partnership, which is usually related to his share of future profits and the existing capital structure of the practice.Davey (1983) considered that the level of fixed capital provided by partners should be such as to enable the profits earned in any accounting year to be withdrawn in full (after proper provision has been made for taxation) within a period of, say, six months from the end of the accounting period.