Partnership Firm Registration Online in India

Section 4 in The Indian Partnership Act, 1932 Defines “partnership”, “partner”, “firm” and “firm name”. —

’’Partnership” 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. Persons who have entered into partnership with one another are called individually “partners” and collectively a “firm”, and the name under which their business is carried on is called the “firm name” A partnership is a business relationship between two or more individuals who work together to carry on a trade or business. In a partnership, each partner contributes capital, labor, and expertise to the business and shares in the profits or losses of the business. written partnership agreement, and they do not have the same formalities or legal requirements as corporations. 

In general, you will need to choose a name for your partnership firm, which should be unique and distinguishable from other business names. You will also need to draft a partnership agreement, which outlines the terms of the partnership, including the responsibilities, rights and liabilities of each partner.

Once you have completed all of the necessary steps, you will need to register the partnership deed.