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Terminating a Partnership

  • 29-12-2006 3:24pm
    #1
    Scofflaw
    Registered Users, Registered Users 2 Posts: 23,283 ✭✭✭✭


    Having been involved in a partnership to promote a particular product (software, written by me, not transferred to partnership), and having felt that my partner was entirely failing to pull his weight, I have decided to effectively terminate the partnership and start a limited company with another person.

    The CRO requires both partners to sign a Cessation of Trading form - and my current level of disagreement with my ex-partner is such that he will not return calls or otherwise co-operate. There seems to be no other way of formally dissolving a partnership - the law seems fairly archaic.

    What risks do I run by proceeding as intended? Is there another way of dissolving the partnership, or does this need to be done formally at all?


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