Termination of a Partnership
How do partnerships terminate?
- 857 Views
- 1 Answer
In the absence of a written agreement, partnerships end when one partner gives notice of his express will to leave the partnership. If you don't want your partnership to end so easily, you can have a written agreement that outlines the process through which the partnership will dissolve. For example, the partnership can dissolve if a certain event happens or it can provide a mechanism whereby the partnership can continue if the remaining partners agree to do so.
Ask Your Legal Question NowAsk a Query
Tags: Company Incorporation Legal Structuring