. “Registration of partnership firm is not compulsory but it is advisable” – Explain.
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Registration of a partnership firm provides a conclusive proof of an on-going business; however, it is not compulsory and the partnership firm cannot enjoy the privilege of many benefits. ... A partner cannot file a suit against the firm or other partners. The firm cannot file a case against the partners and third parties.
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Answer:Registration of a partnership firm provides a conclusive proof of an on-going business; however, it is not compulsory and the partnership firm cannot enjoy the privilege of many benefits. ... A partner cannot file a suit against the firm or other partners. The firm cannot file a case against the partners and third parties.
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