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A partnership refers to an alliance between two or more individuals who agree to merge their financial resources and managerial skills to operate a business and distribute gains and losses in a mutually agreed ratio. Each person who has agreed to join the partnership arrangement is referred to as a "partner" individually, and as a whole, they form a "firm." A Partnership Firm can be formed with at least two partners and a maximum of 50 partners.<br><br>Registration Arena can help to complete the formation process in a few easy steps.<br>Visit us - https://registrationarena.com/partnership-firm/
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What is a Partnership Firm ? • A partnership is an alliance of two or more persons who agree to combine their financial resources and managerial abilities to run a business and share profits/losses in an agreed ratio. • The persons who have agreed to join in partnership are individually called “Partners” and collectively a ‘Firm’.
Minimum Requirement For Partnership Firm Registration • Name of the Partnership Firm • Minimum 2 Partners • Minimum Contribution of 2 Rupees • Partnership Deed between the partners
Advantages of Partnership Firm Registration • Easier Formation • Low Compliances • Lower Registration Cost • Flexibility in operations
Features of Online Partnership Firm Registration • Registration • Lawful Business • Sharing of profits and losses • Restriction on transferability of interest
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