How to close company

Dear Chauhan, You use the words "partner" and "company." In a legal sense, these words are NOT compatible. A "company" does NOT have "partners," and a "partnership" is very different from a "company." Was your business a "partnershipfirm" or a "company" Unfortunately, a partnership does not protect the personal assets of an owner. In the case of a partnership, both owners are normally considered personally and business-wise liable for the actions of each other. While you can file criminal and civil charges against your partner for his/her actions, you may also end up liable to the partnership's creditors. To be sure you protect as much of your personal property and assets as you can, you should speak to an Advocate who can help you form a plan to protect what you can and limit liability as much as you can. First establish that the whereabouts of the Partner are not known,and the advocate will guide you properly.