How Does a Partnership Firm Work? A partnership firm is formed when a group of individuals decide to form a single business entity. A partnership is formed to share business profits, which may be carried out by all partners or by one partner on behalf of all others. As a result, an agreement is formed … Read More “What Are the Chances of a Partnership Firm Becoming a Partner in Another Partnership Firm?” »
The formation of a partnership firm occurs when several people work together for the purpose of doing business. In India, all partnership firms are governed by the Indian Partnership Act, 1932. The purpose of this article is to examine the procedure for registering a partnership firm in Maharashtra. Partnership Firm Elements A partnership firm must … Read More “Firm Registration in Maharashtra for Partnerships” »
The two most common types of Indian business entities are partnerships and proprietorships. The most common types of Indian business entities are partnerships and proprietorships. There is no difficulty in establishing these two types of entities when compared to establishing a Limited Liability Partnership or LLPs and companies require more statutory compliance than these types … Read More “Registration of Partnership Firms in Sikkim” »
