ContractsCounsel Logo

Legal Questions and Answers

Get free proposals from vetted lawyers in our marketplace.

GET FREE PROPOSALS
No upfront payment required. Pay only if you hire.
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 401 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.

Use of the ContractsCounsel Q&A Forum does not create an attorney-client relationship between User and any Lawyer User. The Forum is not a substitute for legal advice from a lawyer but is intended to be educational and to help the user determine if legal services are necessary. The Forum, Content, and communications on the Forum do not constitute legal advice.
Meet some lawyers on our platform

Tabetha H.

33 projects on CC
CC verified
View Profile

Daniel K.

9 projects on CC
CC verified
View Profile

Nicholas M.

48 projects on CC
CC verified
View Profile

Faryal A.

179 projects on CC
CC verified
View Profile

Find lawyers and attorneys by city