Partnership Firm

A partnership firm cannot possess a property , neither they can be a debtor or creditor.

Benefits of a Partnership Firm



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    Partnership Firm Overview

    Partnership is the relation between firms who have agreed to share the profits of a business among themselves with the partnership deed’s provisions and objectives. The partners in general partnership firm have unlimited liability and thus they are personally liable for the debts of the business. A partnership firm cannot possess a property , neither they can be a debtor or creditor. Partnership Firms  are governed by the Indian Partnership Act, 1932

    Name of the Partnership Firm

    Any name can be given to a partnership firm as long as the name is not similar or identical to another company and should not contain any phrases that imply authorization or permission


    Checklist for Partnership Firm Registration

    Documents Required for the Registration of a Partnership

    Documents need to Be Submitted By All Directors

    Documents required

    If the documents are up to the mark and satisfy the registrar , a certificate of registration will be issued after a series of process.

    How to Register Partnership Firms in India


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    Frequently Asked Question

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