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Q.Share of Profit In Partnership Firm.
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Q. Share of Profit In Partnership Firm.

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Jugal Thakkar

posted 5 months ago

Dear Sir/Madam,

In case of Partnership Firm can we divide profit amongst partners in below given way,
1) Partner A will have Share on 35% of the Profit.
2) Partner B will have Share on 35% of the Profit.
3) Balance 30 % of the profit shall be distributed amongst the partners in proportion of the amount of business brought by the partners.

Regards,
Jugal Thakkar
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A. Respected Sir,
What share you have decided in the Partnership Deed / Agreement.
But yes if it is mentioned in your agreement you can share according to that otherwise make modifications in your partnership deed.
and agree on given % for profit
For more details and to change your profit % Contact
Adv Poonam Sapate

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A. It will be dependent on Ur partnership agreement

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Rameshwar Dadhe

Experience: 2 Year(s)

Responded 5 months ago

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A. Dear Client Yes, agreement needed for the same process,
Vidhikarya Lawyer

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Sunil Kumar Singh

Experience: 17 Year(s)

Responded 5 months ago

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A. Dear Sir,
It is at the discretion of partners to share the profits and such a clause must be mentioned in the original partnership deed.

For full procedure contact me on mobile through Vidhikarya.
Rate me Five Star *
Please visit the following link.

https://vidhikarya.com/LawyerRating/9506c43f5d0b2d266a07

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