how many types of voluntary dissolution in firm
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Answer:
Voluntary Dissolution of a Firm (without the order of the Court) Voluntary dissolution can be of four types.
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There are 4 types of voluntary dissolution in firm.
Step by step explanation:
- Voluntary Dissolution can be explained as a process when the partnership between all the partners of a firm is vanished or dissolved.
- A firm can be dissolved either by the order from the court or voluntary.
- 4 types of voluntary dissolution in firm are:
- Compulsory Dissolution
- By Agreement
- Notice of partnership at will
- On the occasion of certain contingencies
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