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Partnership Firm



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Registration Request of
“Partnership Firm”

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They are the excellent corporate lawyers/advocates/attorneys who are handling our client's company's legal processes such as Mergers, Lawsuit, Compliances, Partnership and Transactions.


They are providing Legal consultation and Law opinions as part of our services in which we make you comply with the appropriate laws and regulations for preventing your possible legal risks and violations.



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With respect to making a Partnership deed agreement

  • The required entities may vary based on your requirement
  • Name and Address of the firm as well as all the partners
  • Nature of business to be carried on
  • Date of Commencement of business
  • Duration of Partnership (whether for a fixed period/project)
  • Capital contribution by each partner
  • Profit sharing ratio among the partners
  • Interest on Partner’s Capital, Partners’ Loan, and Interest, if any, to be charged on drawings.
  • Salaries, Commissions etc., if any, payable to partners
  • Method of preparing accounts and arrangement for audit
  • Division of task and responsibility i.e. the duties, powers and obligations of all the partners.
  • Rules to be followed in case of retirement,death and admission of a partner.

A Quick glance of Partnership Firm

A partnership is an arrangement where parties, known as business partners. They agree to cooperate to advance their interests mutually. The partners may be individuals, businesses, interest-based organizations, schools, governments or combinations.

In case of two or more person possessing a common goal and in the need of more hands together to reach the same goal, Partnership Firm is a best formation.

If a partnership consisting of more than 10 persons for a banking business and more than 20 persons for any other business would be considered as illegal. The partnership firm consists of minimum 2 members.

All the partners should take responsibility for a company’s operation. But sometimes one partner on behalf of the rest of the partners can supervise or take actions. Any loss incurred by the firm is equally distributed amongst each partner. The partnership firm is mainly in scope of the agreement proposed between the partners. They agree to operate the business together and distribute the profits they gain from this business Ministry of Corporate Affairs is the governing body of Partnership Firm in India.



Sections related to “Partnership Firm” according to the Partnership Act – 1932

Please click on the attachment for viewing the act of Partnership Act.
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