Partnership
This query is : Resolved
04 February 2020
When a partner takes loan from his partnership firm, what can be the interest percentage if there is no partnership deed???
04 February 2020
12% can be Interest.
04 February 2020
at least market rate of int should be taken from partner. i e 12%
04 February 2020
12% p.a interest should be charged.
05 February 2020
charge the interest at 12% p.a.
24 February 2020
Dear Frds ,with out a partnership deed can we establish a legal partnership firm .
24 February 2020
So long as partners are in agreement with each other, in harmony, partnership status can be established without any problem.
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