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Dissolution of Partnership Firm | Meaning, Process & Reasons Explained

In this video, we explain what Dissolution of a Partnership Firm means, how the process works, and the key reasons it occurs. Dissolution marks the end of the firm’s existence as a legal entity. This involves settling debts, selling assets, closing accounts, and distributing the remaining funds among the partners.

📌 In this video, you’ll learn:

What is the Dissolution of a Partnership Firm?

Step-by-step process of dissolution

How liabilities and assets are handled

Profit/loss distribution after dissolution

Common reasons for dissolution, such as:

Mutual agreement

Death or insolvency of a partner

Court-ordered dissolution due to incapacity or misconduct



Whether you're a business student, aspiring entrepreneur, or someone managing a partnership, this video will give you a clear understanding of how and why a partnership firm is dissolved.

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