What happens to the business when a partnership dissolves?

The business continues as before

When a partnership dissolves, it means that the existing relationship between the partners comes to an end. The business can continue its operations even after the dissolution of the partnership. In a partnership, the business is not solely dependent on any individual partner. The partnership agreement usually contains provisions for the continuation of the business in the event of dissolution of partnership. The remaining partners can choose to carry on the business. While it is possible for a new partner to be admitted after the dissolution of a partnership, it is not the only option for the business to continue. The business can also be carried on by the existing partners or by restructuring the business entity. The continuity of the business after the dissolution of a partnership depends on the decisions made by the partners and the agreements in place.