Legal Question in Business Law in California
In the state of California, if you dissolve your partnership canone partner take over the business as their own?
Asked on 10/01/09, 2:39 pm
1 Answer from Attorneys
What kind of partnership is it? Is it incorporated or an LLC? Is there a partnership agreement?
Typically if one partner leaves the partnership the other can continue on. However, the best bet is to have a dissolution of partnership agreement developed to clearly state who is able to do what. Please let me know if you need any help with this.
Answered on 10/01/09, 3:15 pm
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