Partnership status
B LAKSHMI (PARTNER) (25 Points)
17 December 2015
If one of the two partners dies suddenly what is the possiblity of retaining the partnership status
Sathish M
(Management Accountant)
(40581 Points)
Replied 17 December 2015
To retain partnership status, then admit a new partner and abide by all the terms and conditions entered between the erstwhile partners at the time of formation of the firm.
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