Question

Explain a process of registration of partnership firm

Answer 1

A partnership is one of the most important forms of a business organization, where two or more people come together to form a business and divide the profits thereof in an agreed ratio. A partnership is easy to form, and the compliance is minimal as compared to companies.

Answer 2

Answer = A Copy of the Partnership Deed should also be filed with the Registrar of Firms in case the firm is being registered. Decide whether or not to register the partnership firm. Partnerships in India are governed by the Indian Partnership Act, 1932. The Partners may or may not register their Partnership Agreement

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