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Partnership firm Registration in India is one of the popular form of business structure. It is a beginner’s choice of business structure.
Registering a Partnership is the right choice for small enterprises as the formation is straightforward and there are minimal regulatory compliances and It is less costly.
Partnership firm can be registered and unregistered. There is no penalty for non-registration of Partnership firm. Partnership firms are governed by The Partnership Act,1932. Registered Partnership Firm can file a suit in any court against any of the Partners or firm for the enforcement of any right arising from the contract referred by the Partnership Act. Also, only a Registered Partnership Firm can claim set-off or other proceedings in a dispute with a party.