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Can we change the bussines in partnership firm...?


Yagnesh Derasari (Student)     09 May 2019

Yagnesh Derasari
Student 
 23 points

| My Other Post

If Any firm are having ABC Business But now They want to change the Business and start with XYZ business, So when need to change in Partnership Deed..? Is There any Particulate Format For this..? Kindly Help. Thanks.

avater

Giridhar S Karandikar (Team Lead)     09 May 2019

Giridhar S Karandikar
Team Lead 
 715 likes  6937 points

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amend the partnership deed with the clause for new business to be carried and removal if old business clause.
if change in profit sharing ratio and other things get it amended in the deed and register the ded with rof

avater

Supriya Kumari (Teacher)     09 May 2019

Supriya Kumari
Teacher 
 34 points

View Profile | My Other Post

It is only possible if your partner agrees to do so. 

avater

Rahul Shenoy (student)     09 May 2019

Rahul Shenoy
student 
 42 likes  250 points

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Yes, it should be amended in partnership deed.

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