Question

hi Mates

is it essential to have a partnership deed....


pls urgent

Answer 1

hi mate ur answer.....

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Like sole proprietorships, partnership businesses can be formed easily without any compulsary legal formalities. It is not necessary to get the firm registered. A simple agreement or parnership deed, either oral or in writing, is sufficient to create a partnership.

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Answer 2

Hello!!

• It provides legal responsibility between partners of the firm.

• Avoid conflicts between the partners

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