Web14. That the terms of the Partnership Deed may be altered, added to or cancelled by the written consent of the Parties to this DEED. 15 That the partners can open the bank account of the firm, in any bank and bank account shall be operated by the partners jointly or individually, as the case may be. 16. WebAdvantages of Partnership Firm. Easy Formation: It is easier to form a Partnership Firm as not many legal formalities involved in it. The founder partners can initiate their operations as soon as a Partnership Deed is ready. No Statutory Audit: A Partnership Firm need not require to register the audited financial reports with the Registrar of ...

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