Accountancy, asked by shrishgarg, 1 year ago

how firms total loss recover in case of firm dissolution

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Answered by Talentedhero74

0

After a launch, the partnership may need to end, for any number of reasons. ... Both informal and LLC partnership dissolutionoccur when one partner leaves. The business may continue on for a time as assets are split - picture a marriage still technically existing until a divorce is finalized - but is ending.

shrishgarg: but how losses recover on dissolution

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