Partnership Firm Registration

Online Partnership Firm Registration

Online Partnership firm registration in India. Register your partnership business in Delhi NCR, Noida, and Ghaziabad in fast-track mode. Partnership Firm is the most popular form of business entity in India for the Partnership business. It requires only two (2) people to Start a Business.

What is Partnership Firm in India?

A partnership firm is a type of business form in India where two or more people come together to carry out a business with the aim of earning profits. The partners share the profits and losses of the business as per the agreed-upon ratio in the Partnership Deed.

Partnership Deed is a written agreement between the partners that outlines the terms and conditions of the partnership.

In a partnership firm, each partner is jointly and severally liable for the debts and obligations of the firm, which means that each partner is responsible for the full amount of any debt or obligation of the firm, not just their share. However, the partners also share the profits of the business, which makes it an attractive option for small businesses and entrepreneurs who want to start a business with a relatively low investment and share the risks and rewards with other partners.

A partnership firm is not considered a separate legal entity from its partners, unlike a company or a Limited Liability Partnership (LLP), which means that the partners are personally responsible for the liabilities of the partnership firm.