You can make a Partnership deed by following these steps: 1. Draft the deed. 2. Print it on a Stamp paper of due value. 3. Place the signature of each partners at the bottom of all pages. 4. Two witnesses should sign at the end of the document with their name and address. 5. Register the deed in a Sub-Registrar office paying the appropriate registration charges.

By on 13-11-2018

THINGS TO BE KEPT IN MIND WHILE PREPARING PARTNERSHIP DEED

HOW TO MAKE A PARTNERSHIP DEED

 You can make a Partnership deed by following these steps:
      1.Draft the deed.

      2.Print it on a Stamp paper of due valu Place the signature of each partners at the bottom of all pages.

     3.Two witnesses should sign at the end of the document with their name and address.

     4.Register the deed in a Sub-Registrar office paying the appropriate registration charges.

 WHAT TO INCLUDE IN THE PARTNERSHIP DEED

 A Partnership deed should contain the following details:
     • Name, address and age of each partner

•  The name and address of the Partnership firm
• The type of business carried on by the firm
• The capital investment of each partner
• The liabilities of each partner
• The details about retiring partner, incoming partner, outgoing partner etc should be mentioned in separate clauses
• The terms and conditions to be followed while running the firm
• The profit and loss sharing details of each partner
• The dos and don’ts that each partner should follow
• The conditions of dissolution of the firm and its consequences

 HOW TO MAKE IT LEGALLY VALID

 Once you have drafted the agreement it is vital that the agreement needs to be made legally valid. Follow these steps and make your Partnership deed a valid one:

• The deed should be printed on a Stamp paper of due value.
• The name, address and age of each partner should be correctly mentioned
• The address of the firm and type of business should be correctly given.
• Each partner should sign the deed after reading the deed thoroughly
• The firm should have a name that is not used by any other firm already
• The deed should be attested by two witnesses
• The firm should not deal with any illegal or unlawful business