The Miami-Dade Florida Agreement to Dissolve and Wind up Partnership with Settlement and Lump-sum Payment is a legal document employed when partners of a partnership in the Miami-Dade County, Florida, decide to dissolve their partnership and settle any remaining financial matters through a lump-sum payment. This agreement outlines the terms and conditions under which the partnership will be dissolved, assets and liabilities will be distributed, and the lump-sum payment will be made to each partner. There are different types of Miami-Dade Florida Agreements to Dissolve and Wind up Partnership with Settlement and Lump-sum Payment, including: 1. General Partnership Dissolution Agreement: This type of agreement is used when partners of a general partnership in Miami-Dade County, Florida, choose to dissolve their partnership and settle any remaining financial matters with a lump-sum payment. 2. Limited Partnership Dissolution Agreement: If the partnership in Miami-Dade County, Florida, is a limited partnership, this type of agreement is utilized to dissolve the partnership and settle financial matters through a lump-sum payment. 3. Florida Revised Uniform Partnership Act (FRUP) Dissolution Agreement: This agreement is designed specifically for partnerships in Miami-Dade County, Florida, governed by the Florida Revised Uniform Partnership Act. It allows partners to dissolve the partnership and reach a settlement through a lump-sum payment. The Miami-Dade Florida Agreement to Dissolve and Wind up Partnership with Settlement and Lump-sum Payment typically includes the following key elements: 1. Identification of Partners: The agreement starts by detailing the names and addresses of all partners involved in the partnership. 2. Effective Date: This section states the effective date when the dissolution and winding up of the partnership will commence. 3. Dissolution Procedure: The agreement outlines the process and procedures for dissolving the partnership in compliance with applicable laws and regulations. 4. Distribution of Assets and Liabilities: It specifies how the partnership assets and debts will be distributed among the partners, ensuring a fair and equitable division. 5. Tax Considerations: This portion addresses any tax implications resulting from the dissolution and lump-sum payment and specifies how these matters will be handled. 6. Release and Waiver: This section includes a release and waiver clause stating that upon receipt of the lump-sum payment, each partner releases the other partners from any further obligations or claims related to the partnership. 7. Confidentiality: If the partners wish to maintain confidentiality regarding the dissolution and settlement terms, this section ensures that the agreement remains confidential. 8. Governing Law: The agreement identifies that it will be governed by the laws of Miami-Dade County, Florida. The Miami-Dade Florida Agreement to Dissolve and Wind up Partnership with Settlement and Lump-sum Payment offers a comprehensive framework for partners to amicably conclude their partnership while ensuring a fair distribution of assets, settlement of debts, and payment of a lump-sum amount to each partner involved.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.Miami-Dade Florida Acuerdo para disolver y liquidar sociedad con liquidación y pago de suma global - Agreement to Dissolve and Wind up Partnership with Settlement and Lump-sum Payment
State:
Multi-State
County:
Miami-Dade
Control #:
US-13272BG
Format:
Word
Instant download
Description
A dissolution of partnership is that change in the partnership relation which ultimately culminates in its termination. It is the change in the relation of partners caused by any partner's ceasing to be associated in the carrying on of the business.
The Miami-Dade Florida Agreement to Dissolve and Wind up Partnership with Settlement and Lump-sum Payment is a legal document employed when partners of a partnership in the Miami-Dade County, Florida, decide to dissolve their partnership and settle any remaining financial matters through a lump-sum payment. This agreement outlines the terms and conditions under which the partnership will be dissolved, assets and liabilities will be distributed, and the lump-sum payment will be made to each partner. There are different types of Miami-Dade Florida Agreements to Dissolve and Wind up Partnership with Settlement and Lump-sum Payment, including: 1. General Partnership Dissolution Agreement: This type of agreement is used when partners of a general partnership in Miami-Dade County, Florida, choose to dissolve their partnership and settle any remaining financial matters with a lump-sum payment. 2. Limited Partnership Dissolution Agreement: If the partnership in Miami-Dade County, Florida, is a limited partnership, this type of agreement is utilized to dissolve the partnership and settle financial matters through a lump-sum payment. 3. Florida Revised Uniform Partnership Act (FRUP) Dissolution Agreement: This agreement is designed specifically for partnerships in Miami-Dade County, Florida, governed by the Florida Revised Uniform Partnership Act. It allows partners to dissolve the partnership and reach a settlement through a lump-sum payment. The Miami-Dade Florida Agreement to Dissolve and Wind up Partnership with Settlement and Lump-sum Payment typically includes the following key elements: 1. Identification of Partners: The agreement starts by detailing the names and addresses of all partners involved in the partnership. 2. Effective Date: This section states the effective date when the dissolution and winding up of the partnership will commence. 3. Dissolution Procedure: The agreement outlines the process and procedures for dissolving the partnership in compliance with applicable laws and regulations. 4. Distribution of Assets and Liabilities: It specifies how the partnership assets and debts will be distributed among the partners, ensuring a fair and equitable division. 5. Tax Considerations: This portion addresses any tax implications resulting from the dissolution and lump-sum payment and specifies how these matters will be handled. 6. Release and Waiver: This section includes a release and waiver clause stating that upon receipt of the lump-sum payment, each partner releases the other partners from any further obligations or claims related to the partnership. 7. Confidentiality: If the partners wish to maintain confidentiality regarding the dissolution and settlement terms, this section ensures that the agreement remains confidential. 8. Governing Law: The agreement identifies that it will be governed by the laws of Miami-Dade County, Florida. The Miami-Dade Florida Agreement to Dissolve and Wind up Partnership with Settlement and Lump-sum Payment offers a comprehensive framework for partners to amicably conclude their partnership while ensuring a fair distribution of assets, settlement of debts, and payment of a lump-sum amount to each partner involved.
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