Dissolving a partnership firm refers to the formal process of ending the partnership relationship among partners and closing the firm’s business operations. Dissolution can occur voluntarily by mutual consent of partners, due to expiration of the partnership term, achievement of the business objective, or compulsorily due to legal reasons such as insolvency, illegal business activity, or court orders. The process involves settling the firm’s liabilities, distributing remaining assets among partners as per the partnership deed, and informing creditors and regulatory authorities. If the firm is registered, a notice of dissolution must be filed with the Registrar of Firms. Proper documentation, including a dissolution agreement and statements of accounts, is essential to avoid future disputes. Professional assistance is recommended to ensure legal compliance, accurate settlement of debts, and proper record-keeping. Timely dissolution safeguards the interests of partners, prevents liability for future obligations, and formally terminates the firm as a legal entity. Following statutory procedures ensures smooth closure and legal recognition of the dissolution.