Dele and Seun who are in partnership, have decided to covert their business into a limited liability company where both become directors. To convert the business?
-
A.
they will simply continue since there are no new members -
B.
the partnership is formally ended and new company books opened -
C.
the shares and all other items will be shared equally and not in their former ratios -
D.
computation of goodwill must be done as it is legally required