Question
Messrs Addo Mensah, Joe Nkansah and Prosper Afenyo were good friends and decided to form a Partnership business called AKA partners. They contributed towards the
Messrs Addo Mensah, Joe Nkansah and Prosper Afenyo were good friends and decided to form a Partnership business called AKA partners. They contributed towards the capital of the firm in the ratio 1:1:1. The firm was duly registered and issued with a certificate of registration. The partners share profits and losses equally. After operating for ten (10) years, the partners do not trust each other and they have agreed to go their separate ways. The partners have come to you for advice. Explain to them the various ways and processes that the firm can be dissolved. 15marks.
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