With the least amount of compliance compared to its competitors, it is the most conventional and straightforward option to launch a business with people you know.
A partnership firm is an organization where min. 2 people start a business with a motive to earn profit. They can be family members, friends or unknown’s or all of them coming together. The risk and responsibilities are shared amongst the partners that shred the burden of an individual partner. Also, when two comes together, more capital and expertise are combined that helps to reach the business goal(s) easily.
Partnership Act, 1932 defines the structure of a Partnership firm by providing all the necessary provisions to run the same. The Act validates both registered and unregistered partnership firms in India. However, an unregistered partnership has few shortcomings that attract partners towards Partnership Firm Registration. But, one can overcome it by registration firm anytime after it is formed.
Experts at Shalini Arora & Company have helped hundreds of entrepreneurs with LLP registration process, in all major cities of India including Mumbai, Delhi, Bangalore, Kolkata Pune, Ahmedabad, Mathura and more. Our services have equally relevant reach within smaller cities and towns in the country
Benefits
Risk is Distributed
Pre-defined Object/Period
Lesser Compliance
Operating Flexibility
