Partnership deed.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 December 2012
1.How can i decide on amount of Parner's initial capital for New partnership firm.?
2.Within which Time limit i can make partnership deed of Firm who Had started it's business in september.?
2.Within which Time limit i can make partnership deed of Firm who Had started it's business in september.?
CA Hiren Thakkar
(Expert)
19 December 2012
Hi,
Initial Capital amount to be determined based on initial requirement of funds in the partnership firm. Say Fixed Assets, initial stock purchase, deposit amount etc...Also add clause saying "partners to contribute into the firm whenever required....."
I think, there is no time limit for executing deed.
Initial Capital amount to be determined based on initial requirement of funds in the partnership firm. Say Fixed Assets, initial stock purchase, deposit amount etc...Also add clause saying "partners to contribute into the firm whenever required....."
I think, there is no time limit for executing deed.
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