Examlex
If a small business opts not to borrow funds from a commercial bank, then what will probably be its next best alternative?
Partnership
An agreement between two or more parties to manage and operate a business together and share its profits or losses.
Winding-Up Stage
The process of concluding a company's business activities, settling debts, and distributing remaining assets to shareholders.
Dissolution
The process of dissolving a company or ending a legal entity's existence.
Partnership Terminated
The disbanding of the partnership agreement between the involved parties, leading to the cessation of the partnership business.
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