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What happens if your partnership goes bad?

A partner can be an individual person or a company (corporate partners). Partners are personally liable for the debts of a partnership. Because of the joint and individual liability, a partnership can be dissolved by an application from its creditors or by the partners themselves. (more…)

Category : Corporate Insolvency,Insolvency news — Tags: , — admin @ 11:00 am January 26, 2010