Q: Is dissolution of partnership is also dissolution of partnership firm?

Ans: Dissolution of partnership is different from the dissolution of firm.

Dissolution of a partnership firm merely includes an alteration in the relation of partners; whereas the dissolution of firm would amount to a complete closure of the business. When any of the partners dies, retires or become insolvent but if the remaining partners still agree to continue the business of the partnership firm, then it will be the dissolution of partnership with other partners and it would not be the dissolution of firm. Dissolution of partnership would alter the mutual relations of the partners but there is not the end of partnership firm.  In case of dissolution of firm, all the relations between the partners and the business of the firm will be ended. On dissolution of the firm, the business of the firm will be ended and its affairs are wound up by selling the assets and by paying the liabilities as well as discharging the claims of the partners. So, it can be said that the dissolution of partnership among all partners of a firm is called dissolution of the firm and the dissolution of partnership among few partners in the firm is dissolution of partnership. 

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