Our office remains open to serve your important legal needs during these turbulent and challenging times. We are happy to schedule client consultations and client meetings by telephone or video-conference at your request.
Bryan E. Kuhn
Counselor at Law, P.C.
Business & Employment Law Attorney

Process and options for exiting or dissolving a partnership

When people in Colorado join together to form a business, it is rarely with the intent to dissolve the venture in the future. However, there are many reasons that a partnership may end, such as retirement or simply because a partner determines that the business is no longer a priority. At this point, there are certain legal issues to consider.

Upon entering a partnership, a legal agreement is typically made between the entities involved in the business. The first step for anyone in determining how to end or change his or her business relationship is to revisit this agreement and review the options available. At times, a complete dissolution is not necessary, and one’s goals can be obtained by simply adjusting the weighting of the partnership. In this way, a less-committed entity could remain involved but relinquish some control over financial or other decisions.

True dissolution of a partnership is governed by each state’s laws, so it is important to review with an attorney or research the matter to understand the process unique to the state. In broad strokes, the process generally renders the partnership agreement void. Additionally, it ensures that partners will only be responsible for their own liabilities and debts, and after dissolution, that neither partner can make any binding transactions on behalf of the partnership.

When dissolving a partnership, no circumstances are exactly the same from business to business. Most in Colorado seek the counsel of a business law attorney in order to ensure that they are protected when seeking to change or dissolve a partnership agreement. Attorneys experienced in this area of law will be in the best position to ensure that their clients achieve their goals and that an agreement change or dissolution ends in the most equitable outcome.

Column Image

“I used the Bryan E. Kuhn, Counselor at Law, P.C. team to help me with a case. They were always professional, upfront, and positive providing guidance while keeping me informed.”
– L.H.

“Everyone at the firm was professional, responsive and courteous. I would definitely recommend this firm if you are in need of superior legal assistance.”
– J.S.

“Bryan and his law firm operate with great professionalism and personal touch. I appreciated the way he and his team offered transparent communication.”
– N.S.

“The team was very professional in helping me to get through an uncomfortable ADA situation at my workplace. This was a very good legal experience. I would recommend Bryan E. Kuhn & team to anyone who needs work related legal help.”
– D.L.

“Bryan, Katie, and all the staff in this office are super fast to respond, expert in their fields, and always helpful. We have been extremely pleased with their services for our small business.”
– T.Z.

Column Image


Bg Subscribe
Contact Our Firm

Office Location

Bryan E. Kuhn, Counselor at Law, P.C.
1660 Lincoln Street Suite 2330
Denver, CO 80264

Local: 303-424-4286
Toll Free: 866-693-5541
Fax: 303-425-4013
Denver Law Office Map
FindLaw Network
Click for the BBB Business Review of this Attorneys & Lawyers - Employment Litigation in Denver CO