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Close & Dissolve Business Partnership

If you run a business with partners, then it will sometimes be in your best interests to close the partnership down.

This is the case even if you intend on continuing to trade in a different format later on. For example, if one partner leaves, then it is often advisable to close the old partnership down so that the remaining partners can form a new partnership to exclude the one who has pulled out.

This is not the case with every partnership, however, and it is worth bearing in mind that limited liability partnerships (LLPs) are covered by different rules from general partnerships. At Salient Insolvency, we have a wealth of knowledge to share concerning business partnership closures of all kinds. We’ll help you to make the best-informed decision you can about how best to proceed with your business partnership closure.


Our professional guidance covers all aspects of closing a business partnership down in the UK.

We can provide assistance with business rescues, for example, ideal if you would prefer your partnership not to close if possible but to continue on a more sound financial footing.

Our professional advice also extends to matters like general dissolution, often the preferred course of action if the partnership is no longer financially viable. We can also assist with technical partnership dissolutions, a course of action that allows one or more partners to extract their assets from the partnership without it needing to close down fully.

At Salient Insolvency, we can help in all of the following areas.

  • Notices of termination
  • Dissolutions when no agreement exists
  • Partnership bankruptcy
  • The death of a partner
  • Asset allocation

Wind Up Partnership

If you would like to wind up a partnership because the law has changed and its trade is no longer legal, we can help.

One Wants to Continue Trading?

Ask us for guidance if one or more partners want to continue trading but one partner does not.


Our expertise with business partnership closure procedures.

Dissolving a business partnership can often be tricky especially when former business partners were once close to one another. At Salient Insolvency, we will take everything into account to help you close your business partnership in a straightforward and effective way. We will offer specific advice about what to do about creditors and valuing assets that can't be split easily. We are also experts at dealing with any outstanding matters with HMRC connected to the partnership.

Online Liquidation Assessment

Take our online assessment to see whether closing your business partnership might be the best decision to make in your case.

Take the assessment

Service Sectors

Call Salient Insolvency to see how we can help to close your business partnership if you trade in any of the following industrial sectors.

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Please fill out the form, below, or phone. You can also email us directly.

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    The Castle
    345445 Castle Drive
    London, SW3 43T

    At Salient Insolvency, we will deal with any enquiries or questions you may have confidentially and professionally every time.

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