The best and most reliable tool for preserving a partnership business after dissolution is:
A)a court order.
B)the filing of a request with the secretary of state's office in the state where the original partnership was located.
C)a continuation agreement.
D)There is no tool for preserving a partnership after dissolution.A new partnership must be formed after distributing all partnership property from the original partnership.

Question

Quizplus · Accepted Answer

A continuation agreement is a legal document that allows a partnership business to continue operating after the dissolution of the original partnership. This agreement specifies the terms and conditions under which the new partnership will operate and is signed by all partners involved. It is the best and most reliable tool for preserving a partnership business after dissolution. A court order may be necessary in some situations but cannot be the primary tool, and there is no need to file a request with the secretary of state's office in most cases. A new partnership can only be formed after distributing all partnership property from the original partnership, and it may not be desirable or feasible in all situations.

The Best and Most Reliable Tool for Preserving a Partnership