When a partnership is dissolved:

A) it is implied that the business cannot form a different ownership structure.
B) it is implied that the business cannot continue with a new group of partners.
C) it is implied that it must be dissolved with any change in partnership structure.
D) it is implied that the business will halt operations.

Partnership Dissolved

The formal termination of a partnership agreement, resulting in the cessation of business activities and the distribution of assets and liabilities among the partners according to their agreement.

Ownership Structure

The way in which the ownership of a company is organized, including the types and proportions of shareholding and control mechanisms.

Business Halt

A temporary or permanent cessation of operations of a company.