Partnership Firm Registration
- Hassle free partnership firm registration with expert support
- Partnership deed drafting done by senior experts
- Complete guidance and filing support for partnership deed registration
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Table of Content
- Partnership Firm Registration - Overview
- Law Governing the Partnership Firms Registration
- Key Characteristics of a Partnership Firm
- Benefits of Partnership Firm Registration Online
Partnership Firm Registration - Overview
At bookmycompliance, we understand that navigating the intricacies of partnership firm registration process can be daunting. That’s why we offer a comprehensive and hassle-free partnership firm registration online service designed to meet your needs with affordable partnership firm registration fees. We go through the complete process and register partnership deed effortlessly. Whether you are a new startup or an existing unregistered partnership looking to formalize your business, our expert team of professionals guides you through the process to register partnership firm.
Contact us now to learn more and get started on your partnership firm registration journey.
Partnership Firms
Law Governing the Partnership Firms Registration
Partnership Deed
Partnership Firm Registration
Key Characteristics of a Partnership Firm
Characteristic | Description |
Number of Partners | Minimum 2, maximum 20 partners (10 for banking). |
Mutual Agreement | Based on a Partnership Deed outlining rights and duties. |
Profit and Loss Sharing | Shared as per the agreement in the deed. |
Unlimited Liability | Partners are personally liable for firm’s debts. |
Business Objective | Aimed at making profits. |
No Separate Legal Entity | Partners and firm are considered one entity. |
Mutual Agency | Partners can act on behalf of the firm. |
Management and Control | Equal rights for all partners unless stated otherwise. |
Dissolution | Can dissolve voluntarily or by legal cause. |
Flexibility | Flexible structure with terms set by partners. |
Transfer of Interest | Requires mutual consent of partners. |
Regulatory Requirements | Fewer regulations compared to companies. |
Continuity of Business | No perpetual succession; may dissolve on partner exit or death. |
Benefits of Partnership Firm Registration Online
In India, Partnership Firm Registration is one of the most common forms of business structure; here is the list of the common benefits of partnership firm registration online:
Legal Identity & Protection
Partnership Firm Registration provides legal recognition ensuring a legal status as a separate entity from its respective partners. Thus, it gives protection to the partner's personal assets in case of business liabilities or debts.
Enhanced Borrowing Capacity
A registered Partnership Firm may have greater access to the borrowing capacity and financial resources as compared to unregistered entities.
Related Business Registrations
In addition to registration or incorporation, a business may require other registrations depending on the business activity undertaken. Talk to an Advisor to find out registrations your business may require post registration.
