what are the proper and legal steps to dissolve a partnership in an ongoing farm business?
Hello, i am a partner with other siblings in a farm. we are having disputes as to how to run the business. the minority partners, who also managed the books and checking account, have declared that they are dissolving the partnership and closed the banking account and dispersed the monies equally. the problem is that the farm still has operation expenses to be paid and nothing has been formally done to dissolve the partnership or sell the asset(the farm). my question is, is it legal to liquidate the operating capital of a business that is still in operation without the vote of the whole partnership? also, how does a partnership formally dissolve...what steps need to be taken?
thanks for any help out there
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