Dissolving a partnership is an involved process. If you’re party to the breaking up of a partnership then it is in your interests to hire the services of a law firm that can protect and safeguard your interests. The Law Offices of Alex R. Hernandez Jr. know that correctly dissolving a business is just as vital as setting it up in the right way.
It is vital you ensure that all legal details are taken care of and that there are no loose ends before you hang the proverbial “closed” sign on the door. Dissolutions may also involve disputes. It is vital to resolve all issues, disputed and otherwise, before deeming a business dissolved.
In a partnership dissolution scenario, we ensure that all provisions of the operating agreement related to dissolution are considered. Investors should be notified of the dissolution. All partners should ideally be on the same page with respect to the provisions of the operating agreement. Outstanding issues with creditors should be resolved. Outstanding claims should be cleared. If assets have to be liquidated to pay off debts, then we help our clients with planning and structuring this move.
If you are facing partnership dissolution, get in touch with the Law Offices of Alex R. Hernandez Jr. to understand where you stand.