Question

objectives of preparing partnership deed​

Answer 1

Answer:

A partnership deed, or partnership agreement, is a legal document that lays out the terms and arrangements of a particular business partnership. Its objective is to explicitly state the understandings and agreements that form the basis of your partnership so you can refer back to them as needed.

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Answer 2

Answer:

A partnership deed is a formal agreement between a firm's partners that outlines all of the partnership's terms and conditions. The goal of a partnership deed is to create a clear understanding of each partner's role, ensuring that the firm's operations run smoothly.

Explanation:

A partnership's goals and objectives include combining the skills and resources of several business owners to produce a whole that is greater than the sum of its parts.

• A partnership deed prevents the partners from fighting.
• Reduces partner confusion about profit and loss distribution ratios.
• The responsibilities of each partner are clearly stated.
• The remuneration or salary of the partners and working partners is also described in it.

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