Question

what is partnership deed ???​

Answer 1

a partnership that may be defined as document in writing containing the important term of partnership as agreed between the partners

Answer 2

A PARTNERSHIP DEED IS A DOCUMEMT CONTAINING THE TERMS & CONDITIONS OF A PARTNERSHIP. IT IS AN AGREEMENT IN WRITING DULY STAMPED & REGISTERED BY ANYONE. IT DEFINES CERTAIN RIGHTS, DUTIES & OBLIGATIONS OF THE FIRM.

1) NAME OF THE FIRM

2) NATURE OF THE BUSINESS

3) NAME & ADDRESS OF THE PARTNERS

4) AMOUNT OF THE CAPITAL TO BE CONTRIBUTED BY EACH PARTNER

5) PROFIT & LOSS SHARING RATIO

6) DUTIES,OBLIGATIONS & RIGHTS KG THE PARTNERS.

7) SALARIES & WITHDRAWALS OF PARTNERS

8) DURATION OF THE PARTNERSHIP IS REQUIRED

9) LOCATION OF THE BUSINESS.

10) PREPARATION OF ACCOUNTS & AUDITING

11) PROCEDURE FOR DISSOLUTION OF THE FIRM

12) PROCEDURE FOR SETTLEMENT OF DISPUTES