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Dissolution of partnership refers to the termination of the relationship between
Dissolution of partnership refers to the termination of the relationship between partners, ending their association in a business venture. Dissolution of a firm, on the other hand, involves the complete closure and winding up of the entire business entity, addressing not only the partnership but also the business itself. In summary, dissolution of partnership deals with the relationship among partners, while dissolution of a firm involves the entire business entity’s closure.
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