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  2. Dissolution (law) - Wikipedia

    en.wikipedia.org/wiki/Dissolution_(law)

    Dissolution of a partnership is the first of two stages in the termination of a partnership. [1] "Winding up" is the second stage. [1] [2] Dissolution may also refer to the termination of a contract or other legal relationship; for example, a divorce is the dissolution of a marriage only if the husband or wife does not agree. If the husband and ...

  3. How to dissolve an LLC

    www.aol.com/finance/dissolve-llc-153000360.html

    Step 5: File dissolution papers. Just as business owners filed paperwork with the state to form their LLC, they must file articles of dissolution or a similar document to dissolve the LLC. This ...

  4. List of legal entity types by country - Wikipedia

    en.wikipedia.org/wiki/List_of_legal_entity_types...

    A partnership is a business relationship entered into by a formal agreement between two or more persons or corporations carrying on a business in common. The capital for a partnership is provided by the partners who are liable for the total debts of the firms and who share the profits and losses of the business concern according to the terms of ...

  5. Partnership accounting - Wikipedia

    en.wikipedia.org/wiki/Partnership_accounting

    In an equal partnership bonus paid to a new partner is distributed equally among the partners. In an unequal partnership bonus is distributed according to the partnership agreement. Assume that Partner A is a 75% partner, and Partner B is a 25% partner. Partner C was admitted to the partnership. He paid $5,000 cash.

  6. Liquidation - Wikipedia

    en.wikipedia.org/wiki/Liquidation

    The assets and property of the business are redistributed. When a firm has been liquidated, it is sometimes referred to as wound-up or dissolved , although dissolution technically refers to the last stage of liquidation.

  7. Articles of partnership - Wikipedia

    en.wikipedia.org/wiki/Articles_of_partnership

    Articles of partnership is a voluntary contract between/among two or more persons to place their capital, labor, and skills into a business, with the understanding that there will be a sharing of the profits and losses between/among partners. Outside of North America, it is normally referred to simply as a partnership agreement. [1]

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