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HIVA Professionals helps you set up your Partnership Firm with full legal compliance and seamless registration.
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A Partnership Firm is a business structure where two or more individuals agree to run a business together and share profits, responsibilities, and liabilities as per a mutually agreed partnership deed. It is governed by the Indian Partnership Act, 1932 and is commonly used by small and medium businesses.
A partnership firm is a business structure where two or more individuals agree to run a business together and share profits as per mutual terms. It is one of the easiest ways to start a small or medium enterprise in India, offering shared responsibility and flexible management.
A partnership firm that is officially registered with the Registrar of Firms under the Indian Partnership Act, 1932. Registration provides legal recognition and allows partners to enforce their rights legally.
A partnership firm that operates without registering with the Registrar of Firms. It can run a business legally but may face certain legal limitations in dispute resolution.
In this type of partnership, all partners share equal responsibility for managing the business and are personally liable for the firm's debts and obligations.
An LLP is a partnership structure where partners have limited liability protection. It combines the benefits of a partnership with the legal status of a company and is governed by the LLP Act, 2008.
Partnership Firm registration can be applied through the Registrar of Firms (ROF) of the respective state under the Indian Partnership Act, 1932.
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