Dear All,
Is it Mandatory to share the profit and losses to all the partners of firm.
Ex : in a Firm there are 4 partners.. Among these sharing profits will among 2 only.. Rest two partners not having profit sharing.
2 Replies
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 22 February 2019
it depends upon the mutual understanding if all the partners while drafting the p'ship deed.
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