Partnership firm is one of the best and affordable business entity type, comparing the post registration regulatory compliances and documentation of other type of business entities. Only minimal documentation is required. Partnership Firm is the most convenient form of association of two or more equal minded persons who are planning to do business together and share profits earned from the business. Partnership is also happen in the form of tie-up’s between two or more persons doing same line of business and willing to do the business together in order to expand the existing individual businesses. These Partnership firms are governed by the Indian Partnership Act, 1932.
Advantages of Partnership Firm Registration
After a Partnership firm registration/ formation, persons from different walk of life having ability, managerial talent and skill join together to carry on a business. This increases the administrative strength of the Partnership Firm, the financial resources, the skilland expertise, and reduces risk. Such Partnership firms are most suitable for comparatively small business such as retail andwholesale trade, professional services, medium sized mercantile houses and small manufacturing units. Generallyit is seen that many initially do partnership firm registration and later, when it is economically viable and financially attractive for the investors, it is converted into a company.
Biswas Filing is a business registration and compliance management service provider. We are a group of Chartered Accountants, Company Secretaries and Advocates based in Thiruvananthapuram. Our aim is to register start-ups, micro, small and medium business at an affordable cost, by limiting our charges, in order to provide a support for the budding businesses. We are delivering a wide range of services to the business enterprises in Kerala, including Company Registration, Limited Liability Partnership Registration, Partnership Firm Registration, OPC Registration, GST Registration and Filing, Accounting and Book Keeping Services and Filing firm.