Ravi and Simran (my brother and his friend) want to start a new business partnership in India.
They plan to open a consulting firm and need to understand the legal requirements involved.
What are the essential legal steps Ravi and Simran must follow to establish their partnership?
what clauses should be included to outline their roles, responsibilities, and profit-sharing
arrangements? Additionally, what are the legal implications of partnership agreements, and
how can they protect themselves from potential disputes?
