Q：
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Q&A Regarding Partnership Enterprise (9)
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A：
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The partnership enterprise shall be dissolved under any of the following circumstances:
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Upon expiration of the partnership term, the partners decide not to operate anymore;
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The cause of dissolution agreed upon in the partnership agreement arises;
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All partners decide to dissolve;
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The partners have not had a quorum for 30 days;
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The partnership purpose agreed in the partnership agreement has been realized or cannot be realized;
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The business license has been revoked, ordered to close or be cancelled according to law;
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Other reasons stipulated by laws and administrative regulations.
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Q：
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How to liquidate the partnership enterprise after dissolution?
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A：
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The partnership enterprise shall be liquidated by the liquidator if it is dissolved. The liquidator shall be appointed by all partners; With the consent of more than half of all the partners, one or more partners may be appointed or a third party may be appointed as the liquidator within 15 days after the cause of dissolution of the partnership enterprise arises.
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Q：
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Does the partnership enterprise still survive during the liquidation period?
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A：
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The partnership enterprise still survive during the liquidation period, but shall not carry out any business activities unrelated to the liquidation.
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Q：
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What should a partnership enterprise do after liquidation is completed?
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A：
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The liquidator shall prepare a liquidation report which shall be signed by all partners and stamped after the liquidation is completed, then shall submit the liquidation report to the enterprise registration authority within 15 days and apply for deregistration of the partnership enterprise.
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Q：
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Do the partners still need to bear the debts of the partnership enterprise after the partnership enterprise is deregistered?
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A：
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The former general partner shall still bear unlimited joint and several liability for the debts incurred during the term of the partnership enterprise after the partnership enterprise is deregistered.
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FAQ
