An LP may be dissolved under various circumstances, for example:
- Expiration of partnership term;
- Notice given by any general partner;
- Bankruptcy or death of any general partner;
- The happening of any event that makes it unlawful to carry on the LP’s business; or
- An order of court
A general partner must lodge a Notice of Dissolution of LP online and pay a filing fee of $10.
Such a transaction can be filed for “live” LPs only.