A Simple Guide to Partnership Firm Registration in Delhi
Starting a business with partners can be a great way to grow. In Delhi, forming a partnership firm is popular for small and medium enterprises. Although registering your partnership is not mandatory, it offers many benefits. Here’s a clear guide to help you understand the Partnership Firm Registration in Delhi process. What Is a Partnership Firm? A partnership firm is a business owned by two or more individuals who share profits and responsibilities. The Indian Partnership Act, 1932 governs these firms. You can operate without registering, but an unregistered firm has limited legal rights. That’s why many entrepreneurs choose to complete the registration of partnership firm in Delhi . Registration strengthens your firm’s legal standing and simplifies business operations. Importance of Partnership Deed Registration in Delhi The first step in registering your firm is preparing a partnership deed . This legal agreement defines the roles of each partner, capital contr...