Upgrad LLM

dissolution of partnership firm


a partner in a firm of 3 partners can dissolve the firm and start a proprietary in same name? the firm is unregistered partnership firm
 
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1. a firm can be dissolved by all partners,

2. a single partner can only leave the firm,

3. starting of new business in the same name depends upon the contents of the partnership deed

 
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subregistrar/supdt.(retired)

A firm by a partner out of 3 partners cannot be dissolved even it is unregistered.  A single partner wishes to retire from the partnership business, he may retire from it.  Starting a new firm business with the same name is objectionable.  If he wishes to start a proprietary business he may do with the same name but not partnership business.

 
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Hello Murali, 

Your query has been answered by Advocate Vaibhav Kalra in this youtube video - https://www.youtube.com/watch?v=2-iyVqsW4kg from  -  54.18 - 57.25

LAWyersClubIndia is coming with many more such Quick Query Resolution sessions for the querists looking for legal advice!

Hope you find this useful!
 

 
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