There are many reasons why you’d want to terminate a partnership agreement. The goals of one or both partners have changed, your working styles are incompatible, or there are fundamental disagreements about business operations and decisions. Whatever the reason, the partners must understand and follow the correct procedures and regulations for partnership termination, so all parties are legally separated from liability.
What is a Partnership?
A partnership is a legal entity where two (or more) people own and operate a business, and each partner owns a percentage of the assets and liabilities of […]