Hello, my name is Aldrian Wilfred Cotingjo and I am class number 10 for group 2 AC2103.

I am here to
discuss the difference between dissolution and winding up of a partnership. According to Art. 1828, the
dissolution is the change in the relation of the partners caused by any partner ceasing to be associated
in the carrying on. Basically, it represents the demise of a partnership due to a partner’s ceasing- to
carry on the business together. According to Art. 1830, dissolution is caused without the violation of
agreement: by the termination of the definite term, express will of any partner or all the partners, and
by the expulsion of any partner from the business. It is also caused by contravention of the agreement,
in the event the business becomes unlawful, loss of specific things not enjoyed by the partnership,
death, insolvency, civil interdiction, and by decree of the court. The partnership dissolution does not
itself discharge any partner's existing liability, according to Art. 1835. For c

Take note that dissolution does not mean the cessation of the partnership business. On the other hand,
winding up is the process of settling the business or partnership’s affair after dissolution but before
termination. Winding up is the process of realizing all the partnership’s assets and applying the proceeds
for debt payment of the partnership. Therefore, dissolution happened first but the business is still
operating, the moment it is in the process of winding up, the partnership’s business will now cease, and
an expert starts realizing the partnership’s assets to pay all its debts and financial obligation before the
partnership’s termination. Thank you