The liquidation of a partnership can be a complex and time-consuming process. What basic guidelines should be

Question:

The of a can be a complex and time-consuming process. What basic guidelines should be followed in order to ensure that the process is proper?
Liquidation
Liquidation in finance and economics is the process of bringing a business to an end and distributing its assets to claimants. It is an event that usually occurs when a company is insolvent, meaning it cannot pay its obligations when they are due.... Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...