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REGISTERED PARTNERSHIP FIRM

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REGISTERED PARTNERSHIP FIRM

A Partnership firm is registered under Indian Partnership Act, 1932 and is defined as “the relation between persons who have agreed to share profits and loss of the business carried on by all or any of them acting for all. It is not compulsory to register your partnership firm as there are no penalties for non- registration but it is advisable to get firm registered.

Why Registered Partnership Firm ?

Easy Formation

It is very easy to start a partnership business by simply creating agreement or partnership deed in writing. It can be formed within a day also.

Decision making

Decision making process in partnership is easier, faster and less complicated as compared to companies i.e. there no need to pass resolutions.

Better Resources

When 2 or more partners will join hands for a partnership then they collectively can arrange better and larger resources and funds as compared to a proprietorship concerns. The partners can contribute more capital more effort and more time for the business.

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