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What is a Partnership Firm ?
What is a Partnership Firm ?
A partnership firm in India is a business structure where two or more people agree to share the profits and losses of a business.
Partnership firms are a popular choice for small businesses, especially in industries that require specialized skills or expertise.
A Partnership firm may be registered or unregistered at discretion of Partners.
Key Features
Key Features
Partnership Deed
Partnership Deed
A partnership is a contractual agreement between two or more individuals to conduct business together.
Profit Sharing
Profit Sharing
Profits of a Partnership Firm are shared in the ratio agreed by Partners in Partnership Deed.
Unlimited Liability
Unlimited Liability
Partners can be held personally liable for the business's debts and obligations.
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