Question

conclusion of business organisation​

Answer 1

Answer:

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Answer 2

• They are various types of business organizations which have closed down in different ways.  
• Sole proprietorship and partnership form dissolve the death insolvency bankruptcy for the exit of the member; it has no separate legal entity and the members have complete liability of the business.
• On the other hand a company enjoys  perpetual succession. It has a separate legal entity.
• It can be dissolved by following certain legal procedures.