How to end a limited partnership depends on the type of partnership you are in.
Ending a limited partnership
There are three ways to end a limited partnership:
- Change a limited partnership to a general partnership with the agreement of all general and limited partners, which can occur only if all of the limited partners become general partners or leave the partnership;
- Dissolve the limited partnership in accordance with the terms of the partnership agreement and the provisions of the Limited Partnerships Act 2016; or
- Wind up the limited partnership, which must be done by the general partners or in accordance with an order from a court or tribunal.
In each case, the partnership must notify Consumer Protection as soon as practicable after the dissolution or cessation by using a Notice of Dissolution or Cessation of a Limited Partnership form. Lodgement details are on the form.
Need a form?
Information on forms and fees are available from the fees and forms page.