Does anyone know how to do a Dissolution of Partnership?
cricket121269 asked:
I started a “small” business (just did craft shows) with my in-law and it didn’t work out. How do I do a dissolution of partnership? She said we just have to write a letter saying “The Partnership is Dissolved,” than state the terms of who is buying out whom.
I started a “small” business (just did craft shows) with my in-law and it didn’t work out. How do I do a dissolution of partnership? She said we just have to write a letter saying “The Partnership is Dissolved,” than state the terms of who is buying out whom.
Don’t we need to file this with the state? If so, please give me any advice you have. I heard it has to be filed by the end of the year, is this correct?
Even thought it was a small business, would I be better off having a lawyer do the dissolution?
it would be in both of your best interest to get a lawyer