732.997.7749
Serving Clients in New Jersey and New York

New Jersey Partnership Dissolution Lawyer

Protect Yourself from Liabilities with Reardon Anderson, LLC!

As the saying goes, all good thing must come to an end, and perhaps that applies to the state of your business today. If you have plans to terminate your business or the partnership you currently have with a business partner, it is important to follow New Jersey’s legal guidelines.

Failing to correctly submit forms or miss deadlines can result in serious consequences, but these can be avoided by meticulously following state procedures. You may feel overwhelmed at the thought of doing this on your own, but that is why we’re here. Our New Jersey business lawyers have more than 45 years of experience and can help your dissolution go as smoothly as possible contact us to learn more.

What Does It Take to Dissolve a Business Partnership?

Whatever your reasons for wanting to end your business partnership, there are numerous obligations you must fulfill to do so successfully. Most importantly, you’ll need to review the partnership agreement you established when your company was founded. Review the options you have for a dissolution strategy, which might include changing the role each partner has, selling your share, or buying your partner’s share. If you are unable to resolve a dispute, dissolution might be your best option.

Prior to filing any paperwork, ask yourself the following question:

  • Have I completed all of my agreed-upon business duties?
  • What is my business worth and what percentage am I liable for?
  • How will this dissolution affect our leases and loan agreements?

New Jersey does allow you to submit your partnership dissolution request online. You’ll also need to select the correct forms and submit them along with your request. These forms can be found by visiting following website: www.state.nj.us/treasury/revenue/dissforms.shtml.

New Jersey Business Lawyers Working for You

The decision to terminate your business partnership isn’t always an easy one, but it may be worth it in the long-run. Our firm is here to guide you toward an outcome you feel comfortable with and address your questions and concerns along the way.

Trust Reardon Anderson, LLC to give you the tools you need for a successful outcome. Contact us today to schedule your confidential consultation!

Disclaimer

The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.

Reardon Anderson, LLC Counselors at Law
New Jersey Business Attorney

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Tinton Falls, NJ 07701
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