Partnership deed

This query is : Resolved

gopal parvatikar (Querist)
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13 August 2012 running a partnership firm how the deed agreement can be done there are 4 partners 2 paartners sleeeping partner and working partners

how there salary can be fix
how profit can be distributed to all partners

eg;- company got 2,00,000/- profit 2011-12 financial year how it can be distributed
guide me in detail format of all the above

gopalparvatikar@rediffmail.com

Amol S Joglekar

Amol S Joglekar (Expert)
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15 August 2012 The decision is to be taken by the partners MUTUALLY. Normally, for working partners a remuneration is pre decided. This will depend upon the service rendered by the working partners. The rest of the profit is distributed as per CAPITAL contributed ratio.