The association deed is an agreement between the partners of a company. It is a written legal document to avoid unnecessary misunderstandings, in which the partners work together to achieve common goals. The documents that do so are called company deeds. Specify the various terms, such as participation in profit / loss, salary, interest on capital, money orders, admission of a new partner, etc.
The association signature is easy to start. The only requirement to start a company in most cases is a company deed. Therefore, an association can be started the same day.
Property creates a greater sense of responsibility. Each partner owns and manages the activities of his company. All partners of the partner firm have their own responsibility.
Decision making in an associated company could be faster since there is no concept of approval of resolutions. Decision-making can be considered as a problem-solving activity that produces a solution considered optimal, or at least satisfactory.
As in the case of partnership firm business liability of the partners of a firm is unlimited.
According to the law, the below conditions have to be met.
ID PROOF OF ALL PARTNERS:
Id proof is needed for all partners.
PARTNERSHIP DRAFT DEED:
CURRENT OFFICE ADDRESS PROOF:
Address proof of current office is required.
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