If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)

Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Partnership Cessation

Mr Grind · 2012-05-29 20:51:21

Hi, I recently set-up a 50:50 partnership 6 months ago with a mate which I now wish to dissolve. I want to set-up the business on my own and therefore register myself as a soletrader. A joint bank account was established but there has been no trading to date. What is the best method of doing this? Should I completely…

29-05-2012 08:51PM

#1

Mr Grind

Registered Users, Registered Users 2 Posts: 7 ✭

Join Date: March 2011

Posts: 5

Hi,
I recently set-up a 50:50 partnership 6 months ago with a mate which I now wish to dissolve.
I want to set-up the business on my own and therefore register myself as a soletrader.
A joint bank account was established but there has been no trading to date.

What is the best method of doing this?

Should I completely dissolve the partnership or could partner B just quit?

What forms will I need?

0

Comments

#2 30-05-2012 08:19AM

dbran

Registered Users, Registered Users 2 Posts: 2,094 ✭✭✭

Join Date: October 2004

Posts: 2041

Hi

Do you have a partnership agreement?

Presumably the partnership has not traded to date. A partnership can effectively just be dissolved from a certain date onwards.

Kind Regards

dbran

0