QUESTION
Our 50/50 partnership never had any formal written contract. Our taxes show it as a 50/50 partnership. We have no debt.
Asked on Jul 21st, 2012 on Business Law - Pennsylvania
More details to this question:
Could the bank account be split 50/50. Howcan this partnership be resloved?
1 ANSWER
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If your partner refuses to agree to a consensual dissolution of the partnership and distribution of its assets, there is a procedure to sue for such dissolution. You will need to consult with an attorney who practices commercial litigation if your partner refuses to cooperate.
Answered on Jul 22nd, 2012 at 5:26 AM