Partnership Firm is one of the common forms of business in india as it does not require stringent procedure to be followed and avails the flexibility in administration to the Partners.
Partnership is another important form of business organization apart from sole proprietorship and company form of business structures.Partnership firm comes into existence based on an agreement between two or more partners agreeing to undertake the business. The terms and conditions that govern such a partnership are outlined in a document known as the partnership deed.
(1) Your business is very easy to establish and start-up costs are low
(2) You will have greater borrowing capacity
(3) Two heads are better than one
(4) More capital is available for the business
(1) Obtain DSC.
(2) Apply for DIN.
(3) Name Approval
(4) File Agreement
(1) Application for Registration. An application form has to be filed to the Registrar of Firms of the State in which the firm is situated along with prescribed fees.
(2) Selection of name of the partnership firm.
(3) Certificate of registration
(1) What is Partnership firm Registration?
(2) What is the maximum and minimum number of persons for a partnerhip firm?
(3) What should be the duration of firm?
(4) Is it compulsory to register a partnership firm?
(5) Can a firm be given any name?