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Do you know how to dissolve your partnership? If you feel as though you've come to the point in your business where you're ready to wind down and close, it's best to be prepared. Closing a business is not as simple as just ceasing all operations and leaving.
However, dissolving a partnership doesn't have to be too difficult either. Just keep in mind these five key steps when dissolving a partnership:
Lastly, don't forget that it's always best to consult with an experienced business lawyer. Because certain rules vary by state, you'll want to ensure that you're upholding all your legal obligations and that all steps are properly taken.