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Akriti, Sonam & Supreeti were friends who started a partnership business. They did not get their firm registered as it was optional. Soon, Sonam & Supreeti started having conflicts. Sonam wanted to approach a lawyer. If you were a lawyer then how would you guide her?

1 Answer

6 votes

Answer:

recommend having a formal registration

Step-by-step explanation:

Even though they started a partnership business, but the fact that it was not legally binding by a partnership agreement could easily give rise to conflicts.

Based on the legal provisions made available by a partnership agreement such as profit-sharing formula, control-sharing formula, etc I would recommend the three friends, Akriti, Sonam & Supreeti sign a partnership agreement which includes issues that brought about conflict.

User Julien Bourdon
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