A Partnership is a business entity in which two or more partners manage and operate a business in accordance with the terms and goals set out in the Partnership Deed. Partnership registration is relatively easy and is prevalent among small and medium sized businesses in the unorganized sectors.
For Partnership Registration, you must agree on a firm name and then establish a partnership deed. It is a document stating respective rights and obligations of the partners and to be valid it should be written and not oral. Partnership firms are the most prevalent type of business entity wherein a group of people are involved.
Comparison with Pvt Ltd Company
Key Benefiots of Partnership Firm: -
Key points to be remember while commencing business as Partnership Firm: -
Process of partnership registration: -
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