Service Overview
A business formed by two or more people who agree to share the profits and management of a business as per a Partnership Deed; partners have unlimited joint liability.
Who Needs It / Purpose:
Small and medium businesses run jointly by trusted partners who prefer simpler compliance over an LLP or company.
FAQs:
Q: Is registration of a partnership firm mandatory?
A: No, but an unregistered firm cannot sue third parties to enforce contractual rights, so registration is recommended.
Q: How many partners are required?
A: Minimum 2, maximum 50 partners.