do you file a k-1 if a partner leaves the company
What happens when a partner dies in business depends on the contract. Many people may write a contract that replaces a partner with a family member of the partner.
everything dies! Not everything dies, only the leaves the tree will survive unless you cut it down
Partner in a business will be held responsible for the debts. Partner in living together without a formal agreement or license (not married), the estate.
If a male clownfish's partner dies - like in Finding Nemo- the male fish switches gender and becomes female. Technically, Marlin should have been Marlina.
He dies forevermore. His spirit leaves middle earth
You own the land subject to the mortgage.
Hopefully the accountant has a partner who can continue the business. If not, then hopefully the accountant has put in place procedures to get the client their private information back. Worst case, lawyers may be needed to see that these things occur.
If there is no legal connection (marriage or business partnership) there is no obligation. The estate has to be settled and the assets sold to pay off the debts before anything can be distributed.
transfer
if the partnership would have been between two people only an one died the business will most likely shut down because the person left wouldn't be successful alone unless he makes the business a sole proprietorship in which he handles everything in this case they would just have to start the business with only three partners and spliting the work of the other partner among them.
God Leaves - And Dies - was created in 1996.
You can check the laws of intestacy in your state at the related question link below.