The most preferred type of business after a sole proprietorship is a partnership firm. Where at-least two individuals join hands to carry on business and agree to distribute their profits accordingly. Since there are very less compliances as compared to a company, many people prefer to form a partnership firm as compared to a company. There are various business registrations due to the same. The partnership firm is governed by the Indian Partnership Act, 1932.The partners are governed by a contract which is known as a partnership deed. This partnership deed regulates the relation among partners and also between partners and partnership firm.
The Registration of a partnership firm is governed under the Indian partnership Act 1932 and it can be done by following the given steps:
STEP 1: An application of registration of partnership firm is to be filed.
STEP 1: Application should also mention the name of the partnership firm subject to the conditions mentioned in the act.
STEP 3: Obtaining the certificate of registration.
The Registration of a partnership firm can made online by following the abovementioned procedure and by submitting the following documents:
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