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We are an India based start-up - a registered partnership firm since 26-Dec-2011. We were three partners initially and now we are two. The third partner decided to take leave from all business of the firm due to lack of money to invest and other priorities. We now approached a third partner based in the US. He insists on dissolving the entire partnership including registration, trademark, and copyright IP. He says he wants to incorporate the new company in the US afresh with no continuity with the Indian entity. As the founder, I am not comfortable with this approach, because we will be left with no legal umbrella in case of foul play. Is it mandatory that a US entity cannot be registered without dissolving the Indian entity? We do not wish to open a US subsidiary, but an all new entity. I want to incorporate the US entity first and then dissolve the Indian entity. Is that a reasonable ask on my part? Thanks, JD
Dear Sir,
Without seeing the terms of partnership firm and I am unable to answer you more clearly.
Dear Sir,
Without seeing the terms of partnership firm and I am unable to answer you more clearly.
