A partnership is one of the oldest business structures in India and is governed by the Indian Partnership Act, 1932. A partnership firm does not have an independent status apart from the partners constituting it. A partnership is not a legal entity; it has a limited identity for the purpose of tax laws. Any two people who are capable of entering into a contract can start a partnership business under an agreement called a partnership deed. The partnership agreement can be oral or written. It is not mandatory to register a partnership deed, but it is advisable to do so for evidential purposes since a firm cannot file a suit against a third party if it is unregistered.
Partnership Deed suitable for all types of business. It is easy to create the document. Fill four to five form and create document.
The deed cover all most all mandatory provisions required for a partnership deed. the major provisions covered are as given below.
This document will be useful for not so complicated business.
The clauses are arranged under different article. It is easy to read and understand the document.
Document can be created in 10 minutes by filling 5 forms. After generation of deed, take printout and a4 size paper and use in your business
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