requirements ,registration
2006-12-12 05:19:12 · 6 answers · asked by Anonymous in Business & Finance ➔ Small Business
First things first - get a Partnership agreement. The agreement should include the following:
1. Profit/Loss distribution. (who gets what % of profit/loss of the business)
2. Management structure. (who's in charge, or is the responsibility equally divided)
3. Partnership voting methods.
4. What happens when a partner leaves.
5. What will be required to dissolve the partnership.
Deciding who will run the business, what each partners responsibilities are, who makes out the bills, who has access to the banking accounts. These are all things that need to be addressed before the business opens.
2006-12-12 09:28:46 · answer #1 · answered by rogueryche 3 · 0⤊ 0⤋
1. Two partners
2. A business plan
3. Investment
3. An agreement of basic understanding between the two partners.
4. A lawyer to put it all together.
5. Registration as a business - lawyer will help you.
My advise - don't get into a partnership without legal advise.
2006-12-12 09:52:15 · answer #2 · answered by Nice n Wise 1 · 0⤊ 0⤋
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2016-11-30 11:49:47 · answer #3 · answered by endicott 4 · 0⤊ 0⤋
In UK ..A privet company ...you need agreement to state what % of shears dose each partner have of the business.. this is done with solicitor or a accountant... .
If a LTD company you will need to complete the Necessary papers in the LTD company's book stating what % of the shears each partner is having..this is submitted to the companys house..
we are talking 100 shears divided
2006-12-12 05:53:27 · answer #4 · answered by JJ 7 · 0⤊ 0⤋
No regisration is necessary. Only a partnership deed is to be executed. even this is only convenience and law does not require written deeds.
2006-12-12 19:51:41 · answer #5 · answered by cvrk3 4 · 0⤊ 0⤋
Where?.
2006-12-12 05:27:55 · answer #6 · answered by liketoaskq 5 · 0⤊ 0⤋