Question

Answer the following questions in one or two sentences each:
How is the dissolution of partnership firm easy?

Answer 1

Partnership firms are the firms which are carried on by two or more people who mutually come to an agreement either verbal or written to carry out a business by contributing appropriate capital and share profits in a prescribed ratio.

It is easy to dissolve a partnership firm as it does not require the permission of any law for dissolution.

The firm can be dissolved if all the partners agree to dissolve the firm.