What Are The Steps For Dissolving A Partnership Under The Statutes Of Michigan?


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Arun Raj answered
Each of the partners ought to be an adult and it must be a written contract under the status of Michigan, be it for a domestic partnership or a business partnership. For a domestic partnership, either partner can dissolve the domestic partnership and end the agreement by tendering a written notice to the other party. The party can move out of their shared residence and establish a new residence that both the parties do not share. With effect of the dissolution, the shared property of the parties are divided on an equal basis or as per the ratio accorded during the formation of the contract. You will have to sign the legal paper in the presence of a witness.  For more information on partnership dissolution and partnerships terms and conditions in the state of Michigan, please go to

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