Question

Winding up of partnership business. Answer in a word / phrase / term.

Answer 1

it means to improve the partnership

Answer 2

Answer:

Dissolution of partnership

Explanation:

Winding up of a partnership for dissolution of a partnership depicts the end of a partnership for a new beginning of the partnership after the previous partnership has ended.

When the aim or ultimate goal of a partnership is achieved, the partners may dissolve it or may continue the partnership with a new aim or goal.