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best way to close a general partnership business with out losing

Resolved Question:

best way to close a general partnership business with out losing personal assets

Submitted: 3 years ago.
Category: Legal
Expert:  MShore replied 3 years ago.

Thank you for the post, to close a general partnership without losing personal assets you would need to send a notice of dissolution to all of the partnership's creditors and clients. Valuable personal assets should be placed in a trust so that creditors cannot attach them to the partnership's debt.

MShore, Attorney
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