Partnership
This query is : Resolved
22 November 2017
Is it possible to draft a single partnership deed with two different business activity,
A & B are actively involved in one business, B & C are involved in another business activity. B being common in both businesses.
if above is possible, can profit sharing ratio be defined in such a way that A & B share the profit/loss in Business 'A' , B & C share the profit/loss in Business 'B'
A & B are actively involved in one business, B & C are involved in another business activity. B being common in both businesses.
if above is possible, can profit sharing ratio be defined in such a way that A & B share the profit/loss in Business 'A' , B & C share the profit/loss in Business 'B'
22 November 2017
no you cannot draft single partnership deed for both partnership since partners are different in each firm so , you have to draft 2 separate deed.
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