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49. A partnership is considered fully terminated: A. after dissociation.B. after winding up.C. after dissolution.D. after the termination certificate is properly filed.50. Which of the following is not an option available to a general partnership seeking capitalization? 51. Harry wants to start a personal training business. He should choose a sole proprietorship entity if he seeks: 52. Dissolving a limited partnership requires: 53. Regarding limited partners: A. they may withdraw from the partnership at any time but they forfeit their investment if they withdraw early.B. they may not withdraw before the time that the partners have agreed the partnership will terminate.C. if the partnership agreement is silent as to notice required prior to termination, 90 days' written notice is required before the limited partner may withdraw.D. they must obtain a court order to withdraw because of their limited liability and its effect on the remaining partners and third parties dealing with the business.
54. A disadvantage of the sole proprietorship is: 55. A limited partnership requires: 56. Redrock GP has decided to go out of business. Selling the partnership assets and making payments to creditors will occur during the ________ phase of the closing of a partnership.