Dissolution Of Partnership

 Agreement to Dissolve and Wind up Partnership with Sale to Partner by Retiring Partner
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State:
Multi-State
Control #:
US-0081BG
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Description dissolve wind up

Dissolution of partnership occurs when there is a change in the relation between the partners regarding the partnership business. Dissolution of partnership does not automatically terminate the business. If the partners choose to terminate the business after the date of dissolution, they must wind up the affairs of the partnership and notify all interested parties. Also, the partnership agreement may provide details about the process of ending the partnership.

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