Partner ship firm
ramesh kumar
(Querist) 26 August 2013
This query is : Resolved
my query is regarding a partnership firm.two partners are running a firm.now due to some personnel
reasons 1 partner want to become non working partner.if he can take any money from a firm for his basic needs of family.this must be seperate from interest on capital and profit share which will come after end of an year.the amount so received should not affect non working partner's capital.
thanks.
Ramesh
Amit Soni
(Expert) 27 August 2013
your question is not clear.