What steps should I take to dissolve a partnership with my business partner in Ohio?

To dissolve a partnership in Ohio, there are a few steps you should take:

1. Review Your Partnership Agreement: Review the partnership agreement to determine the steps required to dissolve the partnership. If there is no partnership agreement in place, the Ohio Revised Code Section 1776.70 governs the procedure for dissolution.
2. Notify Your Partner: You should notify your business partner that you wish to dissolve the partnership. This can be done either in writing, such as via a letter or email, or in person.
3. File the Appropriate Forms: You will need to file the appropriate forms with the Ohio Secretary of State to dissolve the business entity, such as a Certificate of Dissolution. Additionally, you may need to notify any relevant state or federal agencies, such as the Internal Revenue Service or the Ohio Department of Taxation.
4. Distribute Assets and Pay Debts: All assets and debts of the partnership should be distributed to the partners in accordance with the partnership agreement. If there is no agreement in place, the Ohio Revised Code Section 1776.75 governs the distribution of assets.
5. Cancel Business Licenses and Permits: You should cancel any business licenses and permits that were obtained for the partnership.
6. Terminate Lease Agreements: If the partnership had a lease agreement, you should terminate the lease agreement.
7. File Your Final Tax Return: You will need to file a final tax return for the partnership.

It is important to note that if any partner objects to the dissolution, or if there are any disputes regarding the division of assets or debts, it may be necessary to involve legal counsel to resolve these issues.

Additionally, if you have any concerns or questions about dissolving a partnership in Ohio, it is recommended that you consult with a licensed attorney who can provide you with legal advice specific to your situation.