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San Francisco Bay Area business partnership dispute attorneyEven some of the biggest and most successful companies have faced their share of internal struggles and disputes among those who were there from the beginning. Some are able to overcome their disputes after a period of disagreement, while other partnerships dissolve under the pressure of internal conflict. However, with good planning, businesses can put a system in place to manage partnership disputes before they become an issue. 

Steps For Avoiding or Resolving Partnership Disputes

Even businesses that operate smoothly for years can suddenly face turmoil when issues of disagreement among the principals threaten to tear down everything they have worked so hard to create. Here are a few ideas to consider when starting a business that may help you avoid or overcome times of disruption:

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how to close a business the right wayClosing a business requires more than just hanging an “out of business” sign in the window and locking the doors. Depending on the circumstances, the closing of your business can cause high levels of stress and anxiety, especially for those unfamiliar with the proper steps to take and the correct forms to file. While both the state of California and the federal government offers resources to assist, the help of an experienced business law attorney could make all the difference. 

When closing a business in California, the owners must:

  1. File final year current tax returns
  2. File proper dissolution, surrender and cancellation forms with the California Secretary of State’s office within 12 months of filing the final tax forms
  3. Refrain from conducting business in the state after the final taxable year

This three-step outline, in a very general sense, is the procedure one must undertake for closing a business. The reality of the situation involves the filing of a number of forms with both state and federal authorities, and failing to follow proper procedure could result in unnecessary stress and even litigation. It is important to remember that all tax forms remain open to audit until the expiration of the statute of limitations. In addition to filing final state and federal tax returns, it is important to:

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