Dissolution basically means formally ending or dismissing a partnership or official body. It is the process of dissolving or being dissolved, which means the process of disintegration. But in the legal context, dissolution has multiple meanings.
Dissolution of LLP is the stage of liquidation through which it is brought to an end. The assets & property of the concerned entity are redistributed.
Law provides for a formal process to be looked after for dissolution of registered entities like company, LLP, etc.
Read More :- Dissolution of a Limited Liability Partnership
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