LEGALDOCS - Partnership Dissolution Agreement Questionnaire

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THERE IS A CHARGE OF $19.75 TO OBTAIN AND PRINT THIS DOCUMENT. You can proceed with the Questionnaire, and obtain a Summary of the Partnership Dissolution Agreement free of charge, but to obtain the final, completed document, ready for viewing and instant printing (or Save-to-File), you will be asked to submit credit card information and will be billed $19.75. However, please feel free to complete or review this Questionnaire and the Summary which will be produced. It is educational and will provide some insight regarding which areas, minimally, should be covered, and will let you see if the subject matters important to you are covered in the Partnership Dissolution Agreement

In some examples below, suggested language is shown in double quotes ("). DO NOT use double quotes in any entry fields below. Use of double quotes will cause anything entered after a double quote to be lost in the final document.
This short form agreement for the dissolution of a General Partnership is used for a partnership that consists of up to ten persons. This agreement provides for the basic required terms of a partnership dissolution between the partners, and would typically be used for small partnerships that have been formed for any conceivable types of endeavors. For larger businesses (i.e., sales of several hundred thousand dollars or more, we recommend the Long Form Partnership Dissolution Agreement.

Many events can trigger a dissolution of partnership, and the partnership agreement usually spells out certain events such as (i) the passage of time (ii) liquidation or sale of the main partnership asset (such as a rental apartment building) or (iii) the agreement between the partners. Once understanding and an agreement to dissolve the partnership is reached between the partners, this form can be used to execute that decision.

If your partnership is for a business that If your partnership has less than ten partners, skip the blanks that do not apply. If you have more than ten partners we suggest you obtain counsel to draft a dissolution agreement specific to your situation.

To create a Dissolution of General Partnership Agreement, complete this form. INFORMATION REGARDING THE PARTNERS AND THE GENERAL PARTNERSHIP AGREEMENT

Enter the name of the Partnership being dissolved:

The Partnership's main place of doing business is:

Describe the general business which the Partnership was engaged in. Complete the following sentence: The Partnership is engaged in the business of: .
[For example, "operating a restaurant located at..."(OR) "providing accounting services" (OR)"owning and operating commercial properties" (OR)"refurbishing and selling cars"]

Enter the names of the Partners that will be executing this General Partnership Dissolution. This should generally be all of the partners of the business. Leave blank those spaces that do not apply.

First Partner:
Second Partner:
Third Partner:
Fourth Partner:
Fifth Partner:
Sixth Partner:
Seventh Partner:
Eighth Partner:
Ninth Partner:
Tenth Partner:

The Partnership Agreement was a verbal agreement, not put into writing.
The Partnership Agreement was a written agreement, dated .

PLEASE CLICK BELOW TO GO TO PART TWO - GENERAL PARTNERSHIP DISSOLUTION QUESTIONNAIRE

This completes the information input for your Partnership Dissolution Agreement. When you Send this Form, this program will prepare a Summary of the Partnership Dissolution Agreement for your review. Make sure that all facts stated in the Summary are correct in all respects.


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