Closing a partnership may be the best move for you if you and your business partner are at an impasse as to how to continue business operations. The partnership is dissolved by filling out a few forms ...
Rare Partnership Dissolution Decision Applies Deadlock Standard to Dissolution Under Partnership Law
As LLCs have become the dominant form of closely-held business in New York, cases involving dissolution of partnerships have become more and more rare. Section 63 of the Partnership Law is the statute ...
Partnerships are a type of business structure that allows two or more persons to function as one entity. All partners contribute financially with their skill sets and participate in the profits based ...
A limited partnership without a general partner cannot lawfully continue. That’s why it’s critical that the limited partnership agreement thoughtfully address general partner succession and, when ...
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