Registration Of Partnership Firm

Registration of Partnership Firm

A Partnership is defined as the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all.

Partnership firms in India are governed by the Indian Partnership Act, 1932. While it is not compulsory to register your partnership firm as there are no penalties for non-registration. A partnership firm can be registered whether at the time of its formation or even subsequently.