A few friends and I started an investment club as a general partnership last year; registered a DBA and got an EIN. The problem is that we hit a couple pitfalls and couldnt open any accounts because of a partner being on chex-systems With the amount of hassle we all went through to solve the problem we all pretty much lost interest, and we feel it is best to dissolve the partnership since it will never get started.So besides a written agreement of dissolution, what papers need to be sent in to the government agencies to notify them that the partnership is no more. Please note that since it never got started, we had nothing to report to the IRS, therefore we never filed.The DBA was registered in Orange County, California..--Answer1:You did not have any losses or expenses either? Probably the cleanest is to issue K-1s to all the partners and indicate that it is a final return for the partnership. Even if all the amounts are zero.
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