Shareholder Resolution Approving Dissolution of Corporation | USA

Dissolve a joint venture with this downloadable Joint Venture Dissolution Agreement.

• This type of legal contract is typically used to terminate a joint venture when there will be ongoing rights or obligations after the venture has wound up, such as licensing or distribution income, outstanding costs and obligations to be settled, etc.
• The venturers will sell the remaining assets and distribute the proceeds in accordance with a formula based on their capital contributions.
• Future income (from licensing, distribution, sale of products, etc) will be shared equally.
• Any future liability or expense will be borne equally by the co-venturers.
• The co-venturers shall jointly own any intellectual property rights as tenants in common.
• The co-venturers have a right of first refusal to acquire the intellectual property rights of any co-venturer wishing to sell his interest.
• This is a generic legal form which can be used in most countries.

Wind up a general partnership in the United States with this USA Partnership Dissolution Agreement.

• The partnership's books will be audited and a dissolution bank account set up, into which the capital account will be transferred, along with any additional sums necessary to pay the partnership debts and liabilities.
• One partner transfers all title and interest in the partnership's assets to the other partner, who will pay an agreed purchase price for the departing partner's interest and take over the business.
• This template can be used in any state.

Dissolve a limited liability company in the United States with this Plan of Dissolution and Liquidation of LLC.

• have the company cease actively conducting business;
• distribute the assets of the LLC to the members;
• publish a Notice of Dissolution for the benefit of creditors and interested parties.

The USA Plan of Dissolution and Liquidation of LLC can be used in any State that does not have a prescribed statutory form required by law for dissolution.