Place of Business

Place of Business

Important contents of the partnership agreement. The partnership is a legal document that helps. to better settle all matters of partnership. The agreement describes the rights, duties, and responsibilities of the participants.

This is an agreement through which the partnership can be. run in an organized form.

Helps all participants deal with the nature of the. business, profit, and loss. sharing, and all bilateral relationship issues. the main points of, contract partnership. are, as follows:

(1), Partnership firm (2), Nature of business (3), Location of, business (4), Amount of, capital

(5) Names and addresses of participants. (6) Duration of contribution (7) Profit-loss ratio (8) Interest. rate (9) Compensation for services (10) Administrative matters

(1) The partnership firm contract is. registered after proposing the name of the business to be. carried out under the partnership. The name of the business may also be personal.

And it can also be. kept according to the nature of the business, but, the names of the business cannot be. named in the name of national personalities or in the name of the state and the government.

The presence of. a business name in a contract. partnership leads to the identity of the partnership firm.

(2) The Nature of Business Contract partnership. represents the nature of the business to determine if. any kind of business is being done under the partnership.

The details of the type of business in the nature of the business

are listed in the contract partnership because if the business is. related to the production process, the nature of production is. given as the details of its distribution.

Besides, if the business is in the form of wholesale or prostitution, then its nature is. listed in the contract partnership.

goes.

(3) Place of Business Agreement partnership shows the. location of the business in which the name of the. province, city, and area where business is being done under the partnership.

listed. Location of business refers to the full name and address of the business that

is entered into a contract partnership on which. correspondence with the firm can take place.

And according to this, it is easy to contact the business center, too. business phone number, fax, email address, etc., if it is, then it is also entered.

(4) Quantity of Capital Contract Partnership. lists the total amount of all the capital that is being. received from business participants to start a business.

Apart from this, the amount of capital of all the. participants involved in the workshop are also recorded. in the contract partnership and the details of the capital are also given.

How much has been? received by the participants in the form of investment and how much capital has been. received in the form of frozen assets?

(5) Names and addresses of partners The names and addresses of all participants are. entered into the contract partnership

In this way, details about the names. of the participants involved in the business and their residential addresses. recorded and it becomes easier to contact these participants when the time comes.