What May Be Involved In The Partnership Dissolution Process?
A partnership dissolution may involve many steps depending on whether the dissolution is mutual, due to bankruptcy, or a partnership dispute. Some common steps that may be involved in a partnership dissolution include but are not limited to the following:
- Inventory and assignment of assets
- Inventory and assignment of property
- Inventory and assignment of debts
- Division of clients/customers
- Protecting minority shareholders
- Buyout negotiations
- Ensuring all tax paperwork is properly filed
If you are faced with a partnership dispute and the prospect of dissolving a business it is first important to understand your legal rights. Order a complimentary copy of The New York and New Jersey Partnership Dispute Guide by clicking here.
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