Make a notice of dissolution of partnership in minutes

Inform third-party debtors and creditors to avoid future conflicts and disputes.

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What's a notice of dissolution of partnership?

Whatever the reason for ending a partnership, a clean break will give peace of mind to all parties, and will discharge any remaining obligations. A well-drafted notice of dissolution of partnership can help prevent misunderstandings in the future. Although no document can insulate you from later lawsuits, a clear notice form can strengthen your defense if those claims arise.

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Here's the info you'll need to have handy to complete your doc:

  • Who it's going to
    Have the business name and contact info ready for all partners. Make sure to know what type of business they are (individual, LLC, corporation, etc.).

  • Subject matter
    Have important details ready such as outstanding debts, deadlines for payment, and the name of your liquidating partner.

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Sample notice of dissolution of partnership

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You are hereby notified that the partnership formed under the laws of between and , and , doing business under the name , with a principal business address at , , , (the "Partnership"), has been dissolved by mutual consent of its partners as of .

  • 1. All claims against the assets of the Partnership must be made in writing and must include the claim amount, basis, and origination date.  The following information must also be included in a claim: .
  • 2. The deadline for submitting claims is (the "Claim Deadline"). Any claims that are not received by the Claim Deadline will be barred and will not be recognized by the Partnership.
  • 3. Debtors are asked to pay all outstanding obligations to no later than days from the date of this notice.
  • 4. All claims and payments must be sent to , , , ,, , .
PARTNER ONE NAME


By:________________________________________
Name:
Title:
PARTNER TWO NAME


By:________________________________________
Name:
Title:
PARTNER THREE NAME


By:________________________________________
Name:
Title: