Free Notice of Withdrawal from Partnership

Landing Image Answer a few simple questions Print and download instantly Takes just 5-10 minutes

Create your Free Notice of Withdrawal from Partnership

Frequently Asked Questions

What is the difference between a voluntary and an involuntary withdrawal?A voluntary withdrawal is where a partner is voluntarily withdrawing from the partnership and wishes to give notice to the partnership. An example would be selling one's partnership interest to another party in order to retire.

An involuntary withdrawal is where a partner is withdrawn from the partnership without that partner's consent. Here the partnership is giving notice to that partner. Examples of involuntary withdrawal are: death of partner, incapacity of partner, disability of partner, incompetence of partner, breach of fiduciary duty by partner, criminal conviction of partner, operation of law against partner, and legal judgment against partner.

Your Notice of Withdrawal from Partnership

Update Preview
This document preview is formatted to fit your mobile device. The formatting will change when printed or viewed on a desktop computer.

NOTICE OF WITHDRAWAL FROM PARTNERSHIP

To: Partners of ______________________________

______________________________ (the "Withdrawing Partner") of ______________________________ is a partner in the partnership of ______________________________ (the "Partnership") established on the 10th day of December, 2016 for the purpose of __________ and formed in accordance with a partnership agreement (the "Partnership Agreement").

______________________________ desires to voluntarily withdraw from the Partnership. The date of the withdrawal will be on the 10th day of December, 2016.

With this document, the Withdrawing Partner gives ______________________________________________ notice of withdrawal in writing by registered or certified mail to the other partners at each partner's last known address.

The Partnership Agreement provides that the exclusive jurisdiction for the enforcement of this matter is the courts of the State of California.

The remaining partners of the Partnership have ______________________________________________, or as otherwise provided in the Partnership Agreement, to provide a buyout offer to the Withdrawing Partner. In the event a buyout offer is not provided within that period, then action must be taken to dissolve and liquidate the Partnership.



_____________________________
______________________________



_____________________________
Witness



_____________________________
Date

This document preview is formatted to fit your mobile device. The formatting will change when printed or viewed on a desktop computer.
Loading ...
Loading ...

Note: Your initial answers are saved automatically when you preview your document.
This screen can be used to save additional copies of your answers.