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Partnership Deed First Draft for a Small Business

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The prompt

Prepare a first draft of a partnership deed for my small business, to be reviewed by a lawyer or CA before signing and registration. Firm name and business: [ ], place of business: [ ] Partners: [names (placeholders are fine), addresses, ages] Capital contribution by each: [amounts or assets] Profit and loss sharing ratio: [ ] Roles and duties: [who handles what], working partners' salary or drawings: [ ] Interest on capital: [rate or none] Bank account operation: [who signs, limits] Decisions that need all partners: [e.g. loans above an amount, new partner, sale of assets] Admission, retirement and death of a partner: [our wishes] Dispute resolution: [mediation, then arbitration in (city)] Duration: [at will / fixed term] Write the deed with numbered clauses for each point, plus a list of items the lawyer or CA must check for the current law, stamp duty in my state and registration, marked [VERIFY]. Rules: use only the terms I give; plain language with standard headings; this is a draft, not legal advice.

Why this prompt

• Hand-picked, editorially reviewed prompt
• Written for ChatGPT, Claude, Gemini

Source

Created by BestPromptFinder — editorial prompt, not user-generated. See our content & source policy.

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