What do you mean by partnership firm and deed?
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Answer:
Explanation: A partnership is an arrangement where parties, known as partners, agree to cooperate to advance their mutual interests. The partners in a partnership may be individuals, businesses, interest-based organizations, schools, governments or combinations. Organizations may partner to increase the likelihood of each achieving their mission and to amplify their reach. A partnership may result in issuing and holding equity or may be only governed by a contract
Partnership deed is written agreement between the partners of the firm that outlines and terms and conditions to be followed to be the part of the firm. And prtnership is a form of business where a group of members agree to share the profits and losses of the business