Dusty dissociated from a partnership.To protect himself from debts of the partnership after he leaves,Dusty should

Question

Quizplus · Accepted Answer

Filing a statement of dissociation with the Secretary of State is the best way for Dusty to protect himself from debts of the partnership after he leaves. This notifies third parties that he is no longer a partner and is not liable for partnership debts incurred after his dissociation. It is also important to review the partnership agreement to determine if there are any provisions for winding up the business and dividing the partnership assets and liabilities.

Dusty Dissociated from a Partnership