Partnership deeds, Finance Basics

Partnership Deeds

This is an important document which governs the members in partnership firm. It covers among other things the following points:

     i. The name, location, and the nature of the business

     ii. Names of the partners, duties and rights of each

     iii. Amount to be invested by each

     iv. Procedures for sharing profits and losses

     v. The duties, power, and liabilities of each partner

     vi. Basis of valuation of good will

     vii. Methods of dealing with the death, retirement, insolvency of one or more partners

     viii. Matters relating to the admission of a new partner

     ix. Methods of settling the account in case of dissolution

     x. Mode of preparation of accounts

 

 

Posted Date: 8/29/2012 6:07:03 AM | Location : United States







Related Discussions:- Partnership deeds, Assignment Help, Ask Question on Partnership deeds, Get Answer, Expert's Help, Partnership deeds Discussions

Write discussion on Partnership deeds
Your posts are moderated
Related Questions
ROS - Return on Sales (Profit Margin) The Average of the industry ROS was 5.18% for 2004, 4.41% for 2005, and 7.20% for 2006. The chart showed that ROS has been declined f

DO YOU HAVE A SAMPLE BALANCE SHEET

Question 1: ‘The Basel II framework provides a range of options for determining the capital requirements for, inter-alia, credit risk and operational risk to allow banks and s

what is the ambiguity

Bell is considering two marketing options for the Canadian launch of their internet-based video streaming service in the first quarter of 2012.   i. A  "soft" launch using prima

explain the main sources of finance ?

Foreign Trade Balance If the Government buys or imports much more than it sells or exports there will be a trade deficit such will require financing.The most important source

What factors would affect company consider in choosing option for capital-raising

Contribution Margin The Average of the industry Contribution Margin (CM) was 15.40% for 2004, 14.39% for 2005, and 13.18% for 2006. The chart showed that Contribution Mar

capital structure of 38% common stock and 62% debt. A debt issue of 1000 par value, 5.6% bonds that mature in 15 years and pay annual interest will sell for $979.dividends have gro