Partnership Firm
Partnership firm is a business structure in which two or more individuals manage and operate a business in accordance with the terms and objectives set out in the Partnership Deed. It is owned, managed and controlled by an Association of People for profit. Partnership firms are relatively easy to start and prevalent amongst small and medium-sized businesses in the unorganized sectors.
Partnership firms are created by drafting a Partnership deed amongst the Partners and by a registered Partnership deed, Ebizfiling can help you to start a Partnership firm in India.
Contents of Partnership Deed:
- The name of the firm
- Name and details of all partners
- Date of commencement of business
- Duration of the firm’s existence
- Capital contributed by each partner
- Profit/loss sharing ratio
- Preparation of accounts of the firm
- Salary payable to partners, if any
- Interest on capital payable to partners
- The procedure of admission or retirement of a partner
- Mode of settlement of dues with a deceased partner’s executors
- The procedure to be followed in case disputes arise between partners
You can contact us for more information, on filing your Partnership Firm and also for resolving your complex queries and easily meet our team of experts by calling on +91 9409810715 or mail us your query at contact@aeldraconsultancy.in.
