Tuesday, 5 December 2006

Dissolving A Business - Tertib

When a business is dissolved:

1. Firstly, the debts should be paid.

2. Thereafter, the business capital and profits should be calculated and each partner is entitled to his share (capital and profits) in the business.

3. Should one partner wish to purchase his partners share, he may do so and negotiate the selling price of his share with his partner.

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