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 ...
With apologies to the King James Bible, what the Manhattan real estate market giveth, a poorly conceived partnership agreement taketh away. It’s the best explanation I can offer for three successive ...
The end of a partnership is usually difficult for a number of reasons. Here's how to end a partnership on good terms.
Dissolving a business partnership is often a necessary evil in the world of business. It’s a long and complicated process that can be rife with less than business like emotions. The process is much ...
If a business partnership is not working out, one or more partners may be tempted to pull out of the business. However, under normal circumstances, one partner cannot legally end a partnership alone.
You should plan for the dissolution of a partnership when you start your business. Even if you hope your company lasts for years, partners die, move on or sell out. If you draw up a partnership exit ...
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