Starting a Partnership Firm in Delhi? Here’s What You Need to Know
Planning to start a business with a trusted partner in Delhi? A partnership firm can be a great choice. It’s simple to set up, flexible to manage, and ideal for small to medium-sized businesses. Although registration is not compulsory, it’s highly recommended to ensure legal protection and credibility. This guide walks you through the essentials of Partnership Firm Registration in Delhi , including the importance of a deed and the step-by-step registration process. What Is a Partnership Firm? A partnership firm is a business structure where two or more people come together to run a business and share profits. It’s governed by the Indian Partnership Act, 1932. The partners agree on each one’s role, investment, and share of the earnings. This agreement forms the foundation of the business. Many entrepreneurs choose Delhi Partnership Firm Registration to give their business legal recognition. An unregistered firm cannot sue third parties or ...