What are the advantages of registering a partnership firm ?
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The partners of a registered firm can always file a case in the court (if required), to enforce any right arising from contract e.g. for the recovery of the price of goods supplied.
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There are different advantages of registering a partnership firm.
Among which, few of the considerable ones are tax benefits which provides the partners the flexibility of saving a lot of capital.
It is quite easy to form the partnership firm, protected from the third party interference when registered.
In addition to which, risk factor and liability is also divided equally among the partners.
Simultaneously with the profit and the availability of the finances for the purpose of investment.
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