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Q. Share of Profit In Partnership Firm.

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Jugal Thakkar

posted 7 months ago

Q.Share of Profit In Partnership Firm.
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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Adv Poonam Manoj Sapate

Experience: 2 Year(s)

Responded 5 months ago

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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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Rameshwar Dadhe

Experience: 2 Year(s)

Responded 7 months ago

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A. ) It will be dependent on Ur partnership agreement

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Sunil Kumar Singh

Experience: 17 Year(s)

Responded 7 months ago

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A. ) Dear Client Yes, agreement needed for the same process,
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Kishan Dutt Kalaskar Retired Judge

Experience: 33 Year(s)

Responded 7 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.

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