Question

Why the partnership DEED should be in written form ??
plzz state your answer in 5 points .​

Answer 1

Explanation:

The importance of creating a partnership deed is given as under: 1. A well-drafted partnership deed specifies the rights, liabilities of the partners, profit sharing ratio among partners, capital requirement, etc. each & every partner in detail

Answer 2

Explanation:

i. Name and Address of the Partnership firm and all the partners

ii. Nature of business to be carried on

iii. Date of commencement of business

iv. Duration of Partnership (whether for a fixed period / project)

v. Capital contribution by each partner

vi. Profit sharing ratio among the partners

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