A partnership company is one of the most popular types of organizations for starting a new business. The proper functioning and success of a partnership company requires a clear understanding between its partners of the different policies that govern their partnership. The Act of Partnership serves this purpose. It defines the different terms such as profit/loss sharing, salary, interest on capital, subscriptions, admission of a new partner, etc. to bring clarity to the partners. Duration of the partnership: Whether the duration of the partnership is, for a limited period or for a specific project. 2. The type and goods that are traded in the company must also be marked. 3. If the company is registered and says that there is a warehouse or branch, it is also very necessary to be marked.

4. How long will the company operate in partnership? If you need to negotiate with each other for a short time, it is also necessary that no partner can be dishonest when the time comes. An important thing to have in a partnership is which partner has invested how much capital, as well as how much profit and loss partnership will be. What will be the responsibility and responsibility of each partner, it is very important to have all these points. 7. . . .