Best Partnership Registration in India | FilingByExpert

A partnership Firm is defined as if any business runs then it requires at least two people to manage, handle and operate their business as per the terms and goals set in the Partnership Deed. It is the most important form of a business organization. A partnership Firm represents the business entity formed with the purpose of making a profit from the business. This design is thought to have lost its relevance since the presentation of the Limited Liability Partnership (LLP) because its partners have a limitless obligation, which implies they are actually liable for the debts of the business.
In 1932, the Partnership act defined the structure of a Partnership Firm by providing all the necessary provisions to run the same. The person who comes together to form the Partnership firm is known as Partnership.
Any two persons can agree to enter into a partnership and work towards common goals.
The partnership must be done to accomplish some long-term goals.
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