Partnership Registration
A Partnership Firm is a common form of business constituted by two or more person to form a business and share the profits and losses. The Partnership firm is the simplest form of business that legally has no separate existence from its owners. It simply refers to a name given to the individual composing it. A partnership firm is common among small and medium-sized business as it is easy to set up the business. In a Partnership firm unlimited liability if given to the partners
The partnership is a contractual agreement formed by oral, unregistered or by written-among the partners by drafting a partnership deed and by registering it. It is always advisable to draft up a written partnership deed and register the firm with the Registrar of Firm as it may avoid some real-life legal consequences.
