Partnership Firm Registration:
Partnership is another important form of business organization apart from sole proprietorship and company form of business structures.
There are circumstances where it would not be possible for an entrepreneur alone to arrange for the requisite capital and resources. Further, the nature of business is such that it requires increased supervision and control, division of work and sharing of risks.
But, the number of members available to share the risk as well as profits is not very large as in the case of a company. Further, the size of the business undertaken is not big enough for a company form of organization to be adopted.
This is when partnership form of business can be undertaken by the entrepreneur. So, let’s understand what is partnership form of business and how partnership firm registration takes place.