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Akshi   18 September 2017

Partnership deed

Can a partner be introduced into a partnership deed with no capital contribution but percentage share in profits? If so kindly share format of deed.


 4 Replies

Advocate Bhartesh goyal (advocate)     18 September 2017

We don't provide formats/drafts.

Shrijay Sheth   21 September 2017

The operations and administration of the Partnership Firm is governed by the Partnership Deed entered into and executed with mutual consent of all the Partners. The terms and covenants for addition of any Partner is complete discretion of Partners to the Firm.

The return to the contribution of Partners is interest on capital, which cannot be paid to partner who has not contributed in the Firm. However, right to have share in profit can be can be given by expression of same in Partnership Deed.

To know more about returns to Partners of Partnership/LLP, please visit our blog at Allowable Remuneration to Partners of an LLP 

Feel free to consult experts at LegalWiz.in at 89806 85509 or drop an e-mail at support@legalwiz.in, in case of any query or doubt for formation and Registration of Partnership Firm and LLP.

b.goheel   30 October 2017

aggree with ld. adv. sheth

angelicamandy   08 November 2017

The operations and organization of the Partnership Firm is represented by the Partnership Deed went into and executed with shared assent of the considerable Pay Someone To Do my Essay number of Partners. The terms and agreements for expansion of any Partner is finished caution of Partners to the Firm.

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