Partnership Firm
Two or more people, one business: the partnership deed, Registration with the Registrar of Firms, and the risks to know.
- 1What is a Partnership Firm?A Partnership Firm is a business of two to 50 people who share its profits under the Indian Partnership Act, 1932. It is not a separate l...
- 2Partnership Firm vs LLP: which should you choose?Choose an LLP for limited liability, a separate legal entity and easier continuity. A Partnership Firm is cheaper and simpler, but partne...
- 3The Partnership Deed: what it must sayA partnership deed is the written agreement between partners. It should cover the firm name, business, capital, profit ratio, partners' i...
- 4How to register a Partnership Firm with the Registrar of FirmsTo register a Partnership Firm, file a statement signed by all partners with your state's Registrar of Firms, with the stamped deed and f...
- 5Tax, compliance and closing a Partnership FirmA Partnership Firm pays income tax at 30% plus surcharge and cess, can deduct partners' interest and remuneration within limits, files IT...
