Partnership Firm and proprietorship are the two most popular forms of business organisations in India. Partnership firms are relatively easy to start are is prevalent amongst small and medium sized businesses in the unorganized sectors. With the introduction of LLPs in India, Partnership Firms are rapidly losing their importance due to the added advantages offered by a Limited Liability Partnerships.
When a business structure has two or more individuals who manage and operate a business as agreed with the terms and objectives set in the Partnership Deed is also known as General Partnership. It also brings with it unlimited liability in picture, off late with the introduction of Limited Liability Partnership LLP, general partnership has lost its some importance.
But due to minimal compliance requirements, low costs and ease of setting up, most of the home business that are not likely to take debts opt for General Partnership. This kind of Partnership is optional to register.
It takes around 15 days for Partnership Firm Registration. For Quickest Registration of Partnership Firm in Mumbai, Call us on: 826-841-9714
Steps To Register a Partnership Firm In India
The Registration Process for the Partnership Firm:
Step 1 : Choose a Partnership Name
Step 2 : Create a Partnership Deed
Step 3 : How to Register Partnership deed in India
Partnerships in India are governed by the Indian Partnership Act, 1932.As per the Partnership Act, Registration of Partnership Firms is optional and is entirely at the discretion of the partners. However, it is advisable to register a Partnership Firm due to the added advantages. The procedure for Registration of Partnership Firms in India is fairly simple. For More Details; Call us on: 826-841-9714