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Registration of Partnership Firm
Register for a partnership firm with the guidance of our Taxteam. We Taxteam leading recognized service providers through Online / Offline registration of your corporation anywhere in India in one Call / Mail / Message
Register your Partnership Firm under Partnership Act, 1932
A partnership firm consists of at least two individuals who agree to contribute to the profits from a business owned by all or some of the partners. Members are also referred to as both partners and the firm. The three main types of partners include active partners, sleeping partners, and nominal partners. Although you do not need to register your partnership business, doing so provides you with legal rights and professional recognition. Registering your partnership's trademark preserves your brand and prohibits others from using it.
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Years of Experience
Benefits
Advantages on Registration of Partnership Firm
01
Legal Right
Registering partnership companies grants you legal rights; an unregistered firm cannot pursue legal proceedings against its partners or third parties. Registration gives you the right to sue.
02
Sharing of Risks
Unlike solo proprietary enterprises, the partners divide the risk among themselves, which helps alleviate the pressure of the job.
03
Easy Formation
Young entrepreneurs can easily form a partnership firm by creating an agreement among themselves to launch their business.
04
Financial & Skill Sharing
Partners share their money and collaborate on ideas, increasing efficiency in company processes.
Faq's
General frequently asked questions
Have questions? Our FAQ section covers common queries to help you find quick and clear answers.
Have Any Question ?
Yes, a foreign national or NRI is eligible to join a partnership firm in India. However,
prior approval from the Reserve Bank of India (RBI) may be necessary in some
situations.
Yes, a partnership firm can be registered without a partnership deed. However,
having a written deed is strongly recommended to avoid future disputes.
No, an unregistered partnership firm cannot sue a third party to enforce contractual
rights. Registration is required to gain the legal right to file such suits.
No, an unregistered partnership firm cannot sue its partners to enforce contractual
rights. Registration is necessary to initiate legal action against partners.
No, registration of the partnership firm is not required by the Partnership Act.
However, an unregistered company suffers some legal constraints in pursuing its
rights.
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