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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.

Charles Internicola

by Charles Internicola
National Business and Franchise Lawyer

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