You are required toestablish a firm of three persons including yourself, to initiate abusiness of your own choice for the time period of 5 years. All thepartners are required to participate in the affairs of the firm. Inorder to start a business venture of a firm, partnership deed isalso required to be drafted & registered by you. Keeping inmind all the provided conditions fulfill the givenrequirements.
i. Nature of business you are going toconduct
ii. Status of each partner in afirm
iii. Type of the partnershipformed
iv. Draft the partnership deedcontaining all the essentials of a document
v. The procedure & essentials toregister the partnership deed