If a partnership is dissolved without liquidation, the partners may agree to distribute its assets in kind, without the need to cash them in advance.

In a limited partnership, a decision of the partners to dissolve it does not always involve the need of liquidation. When partners of a limited partnership adopt a resolution on the dissolution of the partnership, the partnership will not immediately cease to exist. As a rule, a business will not cease to exist until its liquidation is completed and it is deleted from the Register of Entrepreneurs of the National Court Register. However, in the case of a limited partnership (spółka komandytowa) (similarly as in the case of a general partnership (spółka jawna) and a professional partnership (spółka partnerska)), the regulations on liquidation proceedings are of a dispositive nature.

For the full text of the article by attorney-at-law Marzena Zaremba, see Rzeczpospolita on-line, Dobra Firma weekly, or here.