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Q.10 Women have been encouraged throughout the world to be entrepreneurs. Many reasons, some of them being to support themselves and their families; to attain

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Q.10 Women have been encouraged throughout the world to be entrepreneurs. Many reasons, some of them being to support themselves and their families; to attain the fulfillment of having started something on their own and to satisfy their desire for financial independence. Women not only create jobs for themselves and others, but also work toward growing their businesses, and constantly innovating new products and services. One such example was the partnership venture of Ms. Abida, Ms. Najiya, Ms. Rafa and Ms. Aisha. This partnership firm was called as "Beautiful Homes". Based in Seeb since inception in 2014, this SME concentrated on advising clients and taking up work of interior decoration for residential as well as commercial customers. Women entrepreneurs are faced with multiple challenges like self-confidence, availability of time, family issues etc. In 2020, the factor of availability of time struck one of its partners, Ms Najiya. She could not give her best in the company and was constantly being nagged and asked upon to quit. You are an consultant based in Muscat and are required to advise the partners of the above SME in detail about the possible ways that a partner could quit the company. Also highlight and explain the settlement of financials and corrections in the assets and liabilities of the company during and post exit of the mentioned partner

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