Partnershi
ashok khare
(Querist) 11 August 2014
This query is : Resolved
Dear Sir,
There are two partners carrying business in the name of M/s ABC.
Note : First Partner is active partner but Profit Sharing 50%-50% on paper only.
First partner wanted to leave the partnership but second partner wanted to continue the business in the name of M/s ABC.
Please guide - What document should prepared by Second Partner which says that all the liabilities from date of commencement of business to till date should bear by the First Partner but not by the Second partner.
The Second partner should be safe from the liabilities from date of commencement of business to till date.
Thanks
Devajyoti Barman
(Expert) 12 August 2014
deed of dissolution needs to be prepared to take care of all these things.
Engage an advocate to do this.
ajay sethi
(Expert) 12 August 2014
Deed of dissolution of partnership should be prepared for dissolving partnership
Rajendra K Goyal
(Expert) 12 August 2014
Consult a local lawyer and get the deed of dissolution drafted.
malipeddi jaggarao
(Expert) 12 August 2014
Such dissolution is subject to the terms and conditions of the existing partnership. It is not that some partner wishes something which is beyond the purview of terms and conditions of the partnership.
Dr J C Vashista
(Expert) 13 August 2014
See the terms and conditions of partnership as mentioned in the Memorendum of association and Articles of Association of the company.
Engage a local lawyer for taking up the case professionally.
T. Kalaiselvan, Advocate
(Expert) 16 August 2014
a local consultant will be able to guide you properly n this issue, take his advise.
