Need a legally sound Partnership Deed in Kurnool?
At Landmarq, we draft customized partnership agreements that protect all stakeholders while ensuring full compliance with Andhra Pradesh business laws.
✅ Clarity on Profit-Sharing & Responsibilities
✅ Stamp Duty Payment Guidance
✅ Dispute Prevention Framework
How to Get Started with Partnership Deed Services in Kurnool
To get started, you just need to provide the following details. This will help us draft a legally binding Partnership Deed and guide you through the process.
1. Firm Details
- Name of the Firm
- Business Address
- Nature of Business (e.g., trading, consultancy, manufacturing)
- Date of Commencement
- Duration of Partnership (Fixed term or at will)
2. Partner Details (for each partner)
- Full Name
- Father’s/Husband’s Name
- Age
- Residential Address
- Phone Number & Email
- PAN Card Number
- Aadhaar Number (if needed for KYC)
- Capital Contribution Amount
- Profit & Loss Sharing Ratio
- Designation (Managing Partner / Sleeping Partner, etc.)
3. Business & Financial Terms
- Capital Contribution of Each Partner
- Profit and Loss Sharing Ratio
- Loan and Withdrawal Provisions
- Interest on Capital or Drawings (if any)
- Bank Account Operation Details (signing authority)
4. Legal & Administrative Clauses
- Duties and Responsibilities of Each Partner
- Admission of New Partners
- Retirement/Resignation of a Partner
- Expulsion Clauses
- Dispute Resolution Method (e.g., arbitration or court)
- Auditing and Accounting Procedures
- Rules Regarding Dissolution of Partnership
- Indemnity Clause
5. Execution Details
- Place of Execution
- Date of Execution
- Stamp Duty as per State Laws (based on capital contribution)
- Witness Details (Name, Address, Signature – usually 2 witnesses required)
For inquiries or submission, contact us at:
Landmarq – Conveyancing and Legal, a trusted legal and documentation service provider in Kurnool, is here to assist you with all your agreement needs.
📧 Email: support@landmarq.in | 📞 Phone/WhatsApp: +91 70452 82751
1. What is a partnership deed?
A partnership deed is a legal document that outlines the terms and conditions of a partnership between two or more individuals.
2. Why is a partnership deed important?
It helps prevent disputes by clearly defining roles, profit-sharing, duties, and liabilities of partners.
3. What details are included in a partnership deed?
- Name and address of the firm and partners
- Nature of business
- Capital contribution
- Profit and loss sharing ratio
- Duties and responsibilities
- Duration of partnership
- Rules for admission, retirement, or expulsion of partners
4. Is registration of a partnership deed mandatory?
No, but registration is advisable for legal enforceability and to file suits against third parties or partners.
5. Can a partnership deed be modified?
Yes, with the mutual consent of all partners, a supplementary deed can be executed.
6. What are the documents required to register a partnership deed?
- Duly signed partnership deed
- PAN card of the firm
- Address proof of partners
- Photographs and identity proofs
- Proof of business address (rent agreement/utility bill)