Help starting out as a Partnership

lottie3000

Can someone please help me with setting up a new Partnership, everything else in the business is being sorted my job is the accounts. Am I right in thinking that a partnership is run much like a self employed basis and you prepare a Profit / Loss for the company and at the tax year end the Profit of the business is split equally between partners and tax and NI is paid on that profit. The online system on the HMRC site will allow you to put in figures for a partnership, is that correct? Will I just need to put figures in for Income and Expenses and then it plits the profit between the partners? Also will the Tax N/I need paying by the 31st January.

They are buying a company in September but only receiving a large piece of equipment which is the worth of the money that they are paying. There is no good will in the company as the guy that owns it now has run it down quite badly. So would I just put this down as an asset purchase?