One partnership deed-two business

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Chartered Accountant
44 Points Joined August 2007

Please advice me for the following:

4 friends want to start two business ventures.

1.Property business (land, building etc)

2.Spare parts business (earth moving machinery spare parts)

They want to execute partnership deed on 25% each sharing basis. (4 persons).

Can they execute only one partnership deed for  doing the above two businesses ?

Best regards,

Saju Madhavan.

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On 13 May 2008 at 10:40 Report
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Finance Professional
9149 Points Joined October 2007

k..

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On 13 May 2008 at 11:01
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Chartered Accountant
3356 Points Joined November 2007

yes they make one partnership for the two business & it is beneficial to all 4 partners if you are making two partnership deed & partners are same then both partnerships income is clubed  in partnership they disclosed all activities in thd deed

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On 13 May 2008 at 13:46


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