Question

What is partnership deed? (Answer in one sentence)

Answer 1

Hi!! Ans :
A detailed document of rights and responsibilities of all parties to a business operations

Answer 2

Answer:

Partnership deed

A partnership deed is written agreement among the partner providing for rules and regulation. It is signed by all the partners. It is stamped act. It is documented to prevent possible disputes and disagreements among the partner at future dates.

* The name of the firm

* Name and address of the partner;

* Nature of business;

* Date of commencement;

* The amount of capital to be brought in by each partner;

* The amount of drawing that may be permitted in anticipation of profits and the manner of withdrawal