If we change profit sharing ratio

if we change profit sharing ratio/ interest rate/salary amount any of the above so does we have to update
this in partnership deed ??
Replies (3)
Quick Summary
If you're considering altering the profit-sharing ratio, interest rates, or salary amounts within your partnership, it's essential to formally document these changes. These modifications necessitate the creation of a supplementary deed, signed by all partners, to ensure the partnership agreement accurately reflects the new terms.

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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