dissolution deed

tapuriah madhu (Querist) 19 March 2011 This query is : Resolved
all the partners of a partnership firm wish to dissolve the firm & one of the partners shall take over the businees on going concern basis & thus shall carry on the business as sole proprietorship.rest of the partners'capital on the dissolution date shall be treated as loan in the sole prop. firm.

can any member of the forum provided me a draft dissolution deed in this regard ?

tapuriah

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Sachin Bhatia (Expert) 19 March 2011
Better to engage a local lawyer and tell him the full facts, terms and conditions on which the partnership will be disolved.

R.Ramachandran (Expert) 19 March 2011
Yes, by trying to save some thousands of rupees, you will end up messing up the whole thing. Better engage a lawyer to do a neat job.

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