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My son is involved in a partnership deed with only two individuals. The business is not operational, and the GST registration has been cancelled. I want to dissolve the partnership. Can my son dissolve it on his own? We also need to close the company's bank account.
Since the firm has only two partners and it is not running anymore, your son can dissolve it if both partners agree. They should sign a dissolution deed and close the bank account together. If the other partner does not cooperate, your son can send a legal notice or go to court to officially close the firm. For further legal assistance contact us on our helpline number.