Partnership

Awadhesh Singh (Querist) 26 June 2015 This query is : Resolved
Dear Sir,
One of my friend is in real estate business and constructing apartments in a partnership firm. He is having his 50% share. In that project he has offered me to join him as his partner of 25% of his share of 50%. I am willing to join him as his partner of 25%. What type of agreement I should enter with him? Is it permissible as per existing law?
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kavksatyanarayana (Expert) 26 June 2015
if you have interest to join the firm, you may include as other partner and it is permissible as per law. and partnership deed should be executed by all the partners. if it is registered under Firms (IP Act), this fresh deed also be filed in Registrar Office with its annexure.

Rajendra K Goyal (Expert) 27 June 2015
Repeated query:

http://www.lawyersclubindia.com/experts/Partnership-544391.asp#.VY44Xxuqqko

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