Define partnership deed.

1.	Define partnership deed.
Answer» A basic document require in a partnership is called partnership deed.<br>The inherent disadvantage of the sole proprietorship in financing and managing an expanding business paved the way for partnership as viable option Partnership serves an answer to the needs of greater capital investment varied skills and sharing of risks<br>Its a agreement between the partners of a partnership firm who agree to commence a business Enterprise together, share profit and loss of the business.<br>It is a written document that govern the partnership

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