Reasons Or How Will Partnership Dissolution Occurs

October 14th, 2008 Comments off
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Append below a listing of what might be the rational/reasons for the dissolution of a partnership:

Dissolution may occur for the following reasons:

· Upon expiry of the term( time period ) fixed in the partnership agreement

· Partners do not agree among themselves

· Death of a partner

· Bankruptcy of a partner

· Business running losses and do not wish to continue

· A change of law and regulation where the partnership becomes illegal

· Partnership converted into a limited company

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Financial Accounting


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