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When a partnership dissolves, the individuals involved are no longer partners in a legal sense, but the partnership continues until all debts are settled, the legal existence of the business is terminated and the remaining assets of the company have been distributed. Download a Partnership Dissolution Agreement Template.Complete the Statement of Dissolution (Form GP-4) as follows: Item 1. Enter the name of the partnership as filed with the Secretary of State of California. You may also dissolve a partnership that is not incorporated. Instructions to Form UPA-121 – Statement of Dissolution for a Partnership. The undersigned declares, under the penalty of perjury, under the laws of the State of Illinois, that the foregoing is true, correct and complete. A corporation may file Articles of Dissolution. Preclearance will be complete within 1-2 business days. Review the instructions for filing the Articles of Dissolution for a Florida Limited Liability Company.