Answer to Question #207161 in Finance for qianhe

Question #207161

explain the action need to be taken to resolve upon winding up a partnership.


1
Expert's answer
2021-06-16T14:21:15-0400

The remaining partners must evaluate the legal agreement to ensure that the dissolution procedures provided in the instrument is followed. In most cases, the agreement specifies that the firm must be dissolved by a majority vote.


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