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What is a Partnership Dissolution?

A partnership dissolution relates to a wind-down of a business relationship between two or more partners. If you have not established a corporation or LLC but you and your business partner operate a business then you have a "partnership". If there is a dispute among partners then a partnership dissolution will relate to the wind-down of business assets. When partnerships have a dispute their options include an internal resolution, the sale of the partnerships business (where the business remains intact) or the sale of individual partnership assets.

If you have a dispute with your business partner then it is important to understand the legal rights that are available to you - even if you dont have a written partnership agreement. Order a complimentary copy of "The New York and New Jersey Partnership Dispute Guide" to learn more. Also learn more about Important Factors to Discuss with Your Lawyer when faced with a Partnership Dispute.

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