Rare Partnership Dissolution Decision Applies Deadlock Standard to Dissolution Under Partnership Law
As LLCs have become the dominant form of closely-held business in New York, cases involving dissolution of partnerships have become more and more rare. Section 63 of the Partnership Law is the statute ...
You should plan for the dissolution of a partnership when you start your business. Even if you hope your company lasts for years, partners die, move on or sell out. If you draw up a partnership exit ...
Dissolving a business partnership is often a necessary evil in the world of business. It’s a long and complicated process that can be rife with less than business like emotions. The process is much ...
If a business partnership is not working out, one or more partners may be tempted to pull out of the business. However, under normal circumstances, one partner cannot legally end a partnership alone.
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How to Dissolve a Partnership Agreement
When you enter a business partnership, it’s easy to get swept up in the possibilities of your new venture and overlook the chance that the partnership may not work out. Establishing a business ...
Decisions by U.S. District Court judges typically begin with an identification of the parties, an explanation of the procedural posture of the case, or a description of the dispute. Chief Judge ...
In March, the New York State Court of Appeals issued a decision, in the non-law firm partnership context, which outlined some fundamentals of New York partnership law concerning dissolution, and ...
"They didn't do anything when 45 people left a year ago," said a Stroock lawyer about firm leadership. While Stroock Stroock & Lavan's dissolution was announced shortly after the firm voted to allow ...
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