What is a Partnership Firm?

A partnership firm is a business structure where two or more individuals come together to run a business and share its profits and losses. It is governed by the Indian Partnership Act, 1932. Unlike a sole proprietorship, a partnership firm allows for shared responsibilities and resources, making it an attractive option for small to medium-sized enterprises. Benefits of Registering a Partnership Firm Online Convenience: The online registration process eliminates the need for physical visits to government offices, saving time and effort. Cost-Effective: Online registration often incurs lower costs compared to offline methods, making it a budget-friendly option for startups. Efficiency: The digital process is streamlined and faster, reducing the overall time taken for registration. Transparency: Online portals provide real-time updates and status tracking, ensuring transparency throughout the process.