{"id":330,"date":"2014-06-30T12:07:34","date_gmt":"2014-06-30T12:07:34","guid":{"rendered":"http:\/\/www.michaelsmithlaw.com\/blog\/2014\/06\/partnership-dissolved-but-part.html"},"modified":"2023-11-28T13:40:19","modified_gmt":"2023-11-28T18:40:19","slug":"partnership-dissolved-but-part","status":"publish","type":"post","link":"https:\/\/www.hpindiana.law\/business-blog\/partnership-dissolved-but-part\/","title":{"rendered":"Partnership Dissolved, but Partner Still Liable"},"content":{"rendered":"<p>Last year the Indiana Court of Appeals decided a case that illustrates some of the hazards of operating a business as a general partnership. The case is Curves for Women of Angola vs. Flying Cat, LLC.<\/p>\n<p>In 2001, a married couple, Dan and Lori, purchased a fitness and health franchise known as Curves for Women that they intended to operate in Angola, Indiana. The franchise agreement, which Dan and Lori both signed, contained the following affirmation:<\/p>\n<blockquote><p>We the undersigned principals of the corporate or partnership franchisee, do as individuals jointly and severally, with the corporation or partnership and amongst ourselves, accept and agree to all of the provisions, covenants and conditions of this agreement[.]<\/p><\/blockquote>\n<p>At no time did Dan and Lori form a corporation or limited liability company to own the franchise &#8211; not before signing the franchise agreement and not after.<\/p>\n<p> <a href=\"https:\/\/www.hpindiana.law\/business-blog\/partnership-dissolved-but-part\/#more-330\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last year the Indiana Court of Appeals decided a case that illustrates some of the hazards of operating a business as a general partnership. The case is Curves for Women of Angola vs. Flying Cat, LLC. In 2001, a married couple, Dan and Lori, purchased a fitness and health franchise known as Curves for Women [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,15,18],"tags":[],"class_list":["post-330","post","type-post","status-publish","format-standard","hentry","category-indiana-court-decisions","category-partnerships","category-small-businesses"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Partnership Dissolved, but Partner Still Liable &#8212; Indiana Business Law Blog &#8212; June 30, 2014<\/title>\n<meta name=\"description\" content=\"Last year the Indiana Court of Appeals decided a case that illustrates some of the hazards of operating a business as a general partnership. 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