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Partnership Firm Company
Registration of Partnership Firm in India
Simple and flexible, a Partnership Firm is ideal for small businesses. Easily formed with
minimal compliance, allowing shared responsibility. Register your firm quickly and start operating!
- Hassle free partnership firm registration with expert support
- Partnership deed drafting done by senior experts
- Complete guidance and filing support for partnership deed registration
Expert Consultation in Minutes
OVERVIEW
A partnership firm is a popular business structure commonly chosen by newly established businesses in India.
It requires a minimum of two partners to be formed.
The formalization of a partnership firm is done through a partnership deed an important document that outlines the terms and conditions agreed upon by the partners. This deed serves as a guide for managing the firm’s operational and financial arrangements, ensuring clarity and mutual understanding among the partners.
The formalization of a partnership firm is done through a partnership deed an important document that outlines the terms and conditions agreed upon by the partners. This deed serves as a guide for managing the firm’s operational and financial arrangements, ensuring clarity and mutual understanding among the partners.
What is a Partnership Firm?
A partnership firm is a business arrangement where two or more individuals combine with each
other to carry on the business jointly. They do share profits, as well as liability.
They are bound by a legal agreement that is called a partnership deed.
They are jointly and severally liable for debts. Partnership firms are very easy to form, every partner decides on some matters, and sometimes even the tax implications are friendly. In case of general partnerships, all partners share both profits and liabilities, but in other models, either liability and profit can be split differently.
They are jointly and severally liable for debts. Partnership firms are very easy to form, every partner decides on some matters, and sometimes even the tax implications are friendly. In case of general partnerships, all partners share both profits and liabilities, but in other models, either liability and profit can be split differently.