Question

Registration of partnership firm is not compulsory but beneficial give three reasons

Answer 1

not compulsory but more beneficial justify this statement w5oi73tpp -Business ... 1; 2; 3; 4; 5; 6; 7; 8; 9; 10 ... what are the characteristics of business.

Answer 2

Answer:

It is not compulsory for partnership firms to get themselves registered. However, it is beneficial to get themselves registered because an unregistered firm has to suffer the following consequences :

1.A partner of an unregistered firm cannot file a suit against any other partner or the firm for enforcing his legal rights.