What are the reasons for terminating a company?
A company can be terminated for any of the following reasons: (a) the expiry of the period of the company or the completion of the work for which it was established; (b) the loss of all of the capital or the capital of one of the partners prior to his making it available; (c) the death, insanity, bankruptcy, insolvency, being placed under legal restriction, or withdrawal of one of the partners; (d) the unanimous decision of the partners to dissolve the company; and (e) the making of a judicial order for the dissolution of the company.