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If you want to remove your name from a partnership, there are three options you may pursue: Dissolve your business. If there is no language in your operating agreement stating otherwise, this will be your only name-removal option.Change your business's name.Use a doing business as (DBA) name.

The Registrar of Companies has authority to remove a company from the Companies Register if you haven't complied with your obligations under the Companies Act 1993, or if your company has been liquidated or amalgamated with another company.

File a Dissolution Form. You'll need to file a dissolution of partnership form with the state your business is based in to formally announce the end of the partnership. Doing so makes it clear that you are no longer in a partnership or liable for its debts; it's a good protective measure to take.

In California, the partnership must file a Statement of Dissolution with the Secretary of State. The partnership is then responsible for distributing or liquidating the partnership assets. It must also inform all known creditors, vendors, suppliers, and customers that the partnership is being dissolved.

Generally speaking, a partner is free to leave a partnership when they want to, and doing so will trigger a business dissolution. The dissolution will take place according to the terms of the partnership agreement or operating agreement ? or state law in the absence of a controlling document.

Be sure you know what you want from the break before approaching your business partner and negotiating an agreement. Make the Break Quick and Decisively.Discuss Future Plans.Discuss Your Plans with an Attorney.Say Thanks and Be Reasonable.Protect Your Assets.Return Company Assets.Call in the Experts.

Separation Agreement to Prevent Partnership Dissolution When one partner wants to leave the partnership, the partnership generally dissolves. Dissolution means the partners must fulfill any remaining business obligations, pay off all debts, and divide any assets and profits among themselves.