if we change profit sharing ratio/ interest rate/salary amount any of the above so does we have to update
this in partnership deed ??
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If we change profit sharing ratio
Replies (3)
Quick Summary
Yes supplementary deed need to be made for the above stated changes..
Yes these changes have to be done through agreement between partners. As a proof of such agreement supplementary deed will have to be signed between the partners.
Yes deed should be supplemented
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