Partnerships
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4 Terms
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Partnership Registration
Register the partnership with HMRC to obtain a Unique Taxpayer Reference (UTR).
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Partnership Agreement
Draft a formal agreement outlining profit-sharing ratios, responsibilities, and procedures for resolving disputes.
3
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Bookkeeping
Maintain accurate records of all financial transactions
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Payroll Services
Operate a PAYE (Pay As You Earn) system if the partnership employs staff.
Note 
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