1. Hey Aarav, do you remember when i told you about starting a business?
2. Yes
1. Well, I was thinking if you could tell me about starting a business.
4. Yes, that would be nice.
3. Why don't you come to my office tomorrow.
2. Yea sure. I would be happy to help you.
3. Well I was thinking about a manufacturing business with someone in a partnership.
2. So what are you thinking about starting a business?
4. Yes, that's a good idea.
1. Hey Karan, please sit.
1. Is it compulsory to make one?
2. Issuing a partnership deed is not mandatory, but it’s always better to enter into a partnership deed to avoid any possible disputes among the partners.
3. It must be stamped and signed by all the partners.
1. What is mentioned in the deed?
2. The partnership deed contains details such as sharing of profit and loss, duration of partnership, salary, comission, capital contribution, etc.
1. Thank you so much for your help.
2. You're most welcome. If you need any help do contact me.