Legal Question in Business Law in Texas

Re: How to disolve a partnerhsip

She has to withdraw her name from the Assumed Name Certificate. She has to give notice in writing to all the trade creditors she is aware of. She should give her partner the opportunity to continue the business under the tradename.

Then she and her partner have to add up all the assets and all the liabilities, and divide them up between themselves.

She may have to escrow money to cover the balance of the lease, since she will remain responsible until the lease runs out.