Question on: SS2 Accounting - Dissolution of Partnership: Meaning
What legal and financial considerations should partners keep in mind when dissolving a partnership?
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Partners should consider issues such as the division of assets and liabilities, taxes, contractual obligations, and potential legal disputes when dissolving a partnership. They may need to consult with lawyers, accountants, and tax advisors to ensure that the dissolution is handled properly and all legal and financial requirements are met.
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