Ease of Doing Business

Ease of Doing Business

If such business. is being. done under the. the partnership which is against the interests of the general public or the firm. involved in illegal business, then the partnership firm

is. dissolved.

(4) Dissolution by Court

Dissolution of the. a partnership firm is also. possible through the court and the court can. dissolve the partnership firm by its order after an investigative process.

It looks at if a participant involved in. the partnership has lost his mental balance and is able. to perform his duties.

If he has not stayed or violated the. Agreement of Partnership or transfers his share to another. a person without the advice of other participants, the Court

By its order, the partnership may declare. the dissolution of the firm except if the. business is under. the partnership continues to suffer losses.

If you are raising a court case

In case of filing, the partnership can issue an order for dissolution of the firm.

(5) Contingent Dissolution under a particular reason

In partnership, some situations arise on the basis of which the partnership is. dissolved.

It is. said that if the Partnership with Muhammad has .been established, the partnership is. dissolved after. the completion of that particular period, besides the death of a particular partner.

But, the partnership is. dissolved and even if the court declares a participant bankrupt, the partnership ends. If in partnership

to continue the partnership business. in practice, then the partnership dissolves.

After the dissolution of the. partnership firm, all activities of the partnership business are. terminated and all the assets of the business are. sold and from their sale.

The borrowers of the partnership firm out of the amount received

The loan is repaid and if the amount is still not met to repay the loan, then the participants' personal

Loans of borrowers are repaid by selling properties. If the sale of assets saves some money after repaying the loans, then it

Their capital is. returned to the participants. and in such a case, if all the money is. used to repay the loans, then the participants get nothing. towards the court.

A partner declared bankrupt is exempt from repayment of the loan. Thus the dissolution. of the partnership, the firm leads. to the collapse of the partnership business.

Question 9 Are the merits? and demerits of a single-owned business also found in partnerships? What are the partnerships how they are?

Common capital is different from a company.

Answer: Single

single

Merits of Sole Proprietorship and Partnership

Proprietary business or individual. businesses and partnership businesses have similarities. characteristics in many ways and their benefits.

Because the responsibility of the owner of the business in a single-owned business is. unlimited, and so is the responsibility of the participants in the partnership.

Apart from. this a business can be. established under a single multinational business and partnership. In a sole proprietary business and partnership that found common qualities

They can be. described this way.

(1) Easy formation (2) Interest in business. (3) Personal interest (4) Business opportunities (5) Public. confidence

(1) Easy Formation

The process of forming. a sole proprietary business is easier because the owner of the. business can. do business with his capital by choosing a suitable place for the business.