some types of partnerships are formalized, which means that the business partners have to register the entity with the state. with an informal partnership, you do not have to register the business with the state at the time of creation — although you may have to notify the state when you dissolve the partnership. arrange a meeting with your business partners to discuss the dissolution of the informal partnership. however, you should review the financial information for the business to ensure that all partners are in agreement on the disbursement process.