The dissolution of the partnership does not alter the contractual commitments with third parties. Instead, any commitments or debts are assumed by the members.
Any partner can take legal action in the event of disagreement. During the same process, he/she can demand the liquidation of the partnership's assets and the restitution of his/her contributions.
Once the dissolution agreement has been formalized, the Professional Partnership must deregister with the Tax Agency, submitting a sealed copy of the agreement and the corresponding census model. Once the entity has been completely terminated, each partner must deregister individually with the Census of Business Persons, Professionals and Employers as a co-proprietor of the partnership; this process also uses the model 036.
When deregistering from the Census, in both the partnership and the individual partners processes, it is necessary to bring along the documentation requested by the Tax Agency at all times as well as the dissolution agreement regarding liquidation of the partnership.
If the professional partnership had a contribution account code assigned by the General Social Security Treasury (TGSS), having once had contracted workers, partners will also request deregistration of the assigned Contribution Account Code in order to dissolve the partnership.
The deregistration application uses the Model TA.7 request form for registration, deregistration and change of contribution account information.
For the purpose of fulfilling their contribution requirements under the Special Scheme for Self-employed Workers, the partners/co-proprietors registered in the TGSS for their activity in the professional partnership must formalize their deregistration if they do not wish to continue with another activity in this special scheme.