Legal Question in Business Law in Texas

Dissolving a Partnership

Hello,

In 1999 my brother-in-law and I formed a general partnership. Unfortunately, the business was unable to support both of us, so he decided to continue in it and I left to find another job. Legally, what must be done to change this partnership to a sole proprietorship? Is there a simple form to file with the county clerk?

Thanks much for any help!


Asked on 9/18/01, 5:01 pm

1 Answer from Attorneys
Peter Bradie Bradie, Bradie & Bradie

Re: Dissolving a Partnership

You and your brother-in-law will have to go to the county clerk's office and withdraw the assumed name certificate you both signed. Then he will sign a new assumed name certificate naming him as sole proprietor. Until you do that, you are showing the world that you are also responsible for debts and obligations of the business.

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Answered on 11/06/01, 10:18 am


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