Unlike limited companies, business partnerships often have different legal arrangements when it comes to liquidation and, at Salient Insolvency, we have the expertise you need to wind partnerships up properly.
People who work in partnerships may want to liquidate their business for many different reasons. Sometimes, it simply comes down to two or more people not wanting to work together with one another anymore. There again, the partnership may have hit financial difficulties and so the partners want to cease trading officially. Of course, the partnership may have simply run its course and no longer serve any useful purpose. Whatever the reason, Salient Insolvency is on hand to provide professional guidance about partnership liquidation so that all those involved are treated fairly and in accordance with the law.
Please note that creditors can also petition a partnership to go into liquidation. If your partnership faces such a legal action and would like guidance on what to do next, then Salient Insolvency has you covered with a range of different options.
