Explain the different methods of dissolution of a partnership firm

Q: Revised Uniform Partnership Act

A: A partnership is a type of company in which two or more parties form a contractual arrangement.The…

Q: outline four advantages of incorporation and what is incorporation

A: Corporate Law encompasses the legal framework regulating the creation, functioning, and dissolution…

Q: State the advantages of limited-liability company (LLC).

A: A liability Company (LLC) could be a kind of business organization that consolidates the overall…

Q: Under what circumstances can a partner be expelled from a partnership?

A: The Partnership Act is a legal statute or legislation that governs the formation, operation, and…

Q: .Discuss the rights and liabilities of a retiring partner ?

A: A partnership is a type of business structure in which two or more people share ownership of a…

Q: Explain the procedure of registration of partnership firm .

A: A partnership firm is a type of business organization in which two or more individuals come together…

Q: What are the rules regarding the expulsion of a partner from the partnership?

A: A partnership is a legal form of business organization where two or more individuals, called…

Q: Why can't a business choose to for an LLC, but they can form an LLP?

A: Every business is different in terms of tax situations, many regulations have notable changes from…

Q: Explain the process of forming a corporation.

A: Corporation- A legal entity that is distinct and separated from its owners is called a corporation.…

Q: Define partnership. Explain in your own words, five merits and five demerits of partnership

A: A business organization can be run by partners or can be run individually. It can be wrong to say…

Q: Describe features of Sole Proprietorship and elaborate the advantages and disadvantages of the Sole…

A: A sole proprietorship is the simplest and most common form of business ownership. It is owned and…

Q: describing the obligations of corporate directors to a business corporation. include a discussion of…

A: Corporate directors oversee the affairs of the corporation in order to protect the interest of the…

Q: Distinguish between partnership and joint stock company

A: A partnership is a form of business organization in which two or more individuals join hands…

Q: Compare and contrast a general partnership to a sole proprietorship.

A: The objective of this question is to understand the differences and similarities between a general…

Q: What are the advantages of a sole proprietorship?

A: The advantages of a sole proprietor are: 1. No Boss: It is the only reason business people are…

Q: Define the features of partnership form of business.

A: Concept Introduction Like all the other form of business such as Sole proprietorship, Limited…

Q: Explain the hostile takeover situation.

A: Mergers and Acquisitions are a commonly adopted business strategy to diversify or grow business…