Cathy, Don, and Ethel are partners in Fruit Orchard Farms. Cathy gives the notice to quit the firm, which otherwise continues to do business. This is dissociation.
A firm is a for-profit business entity that offers professional services, such as a corporation, limited liability company (LLC), or partnership. One of the three essential components in money's continuous circulation throughout the economy is businesses. Firms demand payment for goods and services while paying skilled workers a salary to provide them with an income.
When a partner stops participating in the firm's operations, this is referred to as "dissociation," and when RUPA demands that the partnership be wound up and terminated, this is referred to as "dissolution." Dissociation does not always result in dissolution.
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