QUESTION
what consequences if partnership is dissolved and the 1 partner continue to operate in the business with the name of dissolved partnership
Asked on Aug 24th, 2016 on Corporate Law - New York
1 ANSWER
1 Award
Dissolution is not a cease and desist of the business. Winding up can include operations. Therefore, it is not necessarily incorrect for operation to continue. It depends on the terms of the dissolution.
Answered on Aug 26th, 2016 at 10:37 AM