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Settlement of Accounts

Extraminds Channel

5y ago Instant removal

As previously noted, partnership dissolution causes changes.
the partners' current relationship, but the
The company may carry on with business as usual. The

partnership may be dissolved in any of the following situations:

in the subsequent ways:

(1) Modification of the current profit-sharing ratio among

partners;

(2) The acceptance of a new companion
(3) A partner's retirement;

(4) A partner's passing;
(5) One partner's bankruptcy;

(6) The venture's completion, assuming a partnership is formed for it; and

(7) If the partnership is for a set period of time, that period's expiration

through time;