Ramiro Is Dissociated from the Partnership He Helped Form Ten

question 7

Essay

Ramiro is dissociated from the partnership he helped form ten years ago.If his partners want to continue the business,what must they do? Does it make any difference if the dissociation was wrongful?

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Definitions:

Planning

The process of making plans for something, often involving setting goals and determining the steps needed to achieve those goals.

Establish Objectives

The process of defining specific, measurable, achievable, relevant, and time-bound goals that an organization or individual aims to achieve.

Internal User

Individuals within an organization, such as management and employees, who use financial information for decision-making purposes.

Creditor

An entity or person to whom money is owed by the business.