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Dissolution of Partnership
26 Views  ⚫  Asked 4 Years Ago
asked on Apr 20, 2012 at 10:52
by   Pisces Guy
Hi,
I had opened up a restaurant with a partner. We are no longer of the same view of where the business is going. My partner then decided to withdraw and is now requesting for his share of the capital invested to be returned. There is no partnership agreement in place yet, everything so far was verbal. If I refuse to pay him back, can he initiate to dissolve the partnership and have the business closed down and assets liquidated?

Thanks!
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