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Home Q&A Forum How to exit a general partnership?

Business Contracts

Partnership Agreement

New York

Asked on Mar 21, 2023

How to exit a general partnership?

I am currently a partner in a general partnership with another individual, but I have decided to leave the partnership for personal reasons. However, I am unsure of the legal steps required to properly exit the partnership, including the distribution of assets and liabilities. Therefore, I would like to seek the guidance of a lawyer to ensure that my exit from the partnership is handled properly and fairly.

1 Attorney answer

Answer

Business Contracts

New York

Answered 572 days ago

Jane C.

ContractsCounsel verified

Business Lawyer
Licensed in Connecticut, District of Columbia, New York
Free Consultation

You need to review the partnership agreement to see the procedure for exiting the partnership. The partnership agreement will also address distributions.

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