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Query on Partnership Act and Bank account

This query is : Resolved 

When we create Partnerahip /Joint Venture between 2 individuls is it necessary to create joint bank account? As I am independant contractor and my friend wants to have a partnership with me for several projects . Please guide the needful

Thanks and Regards.


Yes, have a joint account.

Thanks for Clarity sir Will Proceed with a joint acc.


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