Business partnerships may be dissolved by an agreement between partners or by a notice of dissolution given by one partner to the other(s). However, it is important for anyone taking this course of action to seek advice regarding certain legal, taxation and financial matters.

This factsheet explains how to go about dissolving a partnership, and covers the implications of partnership agreements and the Partnership Act 1890.

The factsheet is not intended to be a comprehensive guide to this specific area of the law and does not apply to individual situations. Business partners should consult a lawyer if specialist information and advice on this topic is required.