Free Partnership Dissolution Agreement
A partnership dissolution agreement formally declares the intent to dissolve a partnership and describes how the conclusion of the partnership’s affairs will be conducted.
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There are several reasons why partners may want to terminate their partnership - the entity is no longer profitable, one of the original partners has passed away, the original business purpose has been achieved - the list goes on. Whatever the reason for dissolution, you can assign the responsibilities for winding up the partnership’s affairs through the Partnership Dissolution Agreement.
The Partnership Dissolution Agreement assigns the obligations and responsibilities for settling a company’s affairs to a “liquidating partner.” Following the creation of the agreement, there will be several steps necessary to dissolve your partnership, but this dissolution agreement can set you on the right course.