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Is Partnership Deed Required to Be Registered?

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Starting a business in partnership offers flexibility and shared responsibility. In India, partnerships are governed by the Indian Partnership Act, 1932 . When two or more persons come together to carry out a business and share its profits, a partnership firm is formed. While creating a Partnership Deed is essential, the question that often arises is, “Is it mandatory to register a partnership deed?” In this blog, we’ll discuss what a partnership deed is, the legal requirements surrounding its registration, and the benefits of registering a partnership firm. What is a Partnership Deed? A Partnership Deed is a written agreement between the partners of a firm that outlines the terms and conditions of the partnership. It typically includes: Name and address of the firm and partners Nature of business Capital contribution by each partner Profit and loss sharing ratio Duties and responsibilities of each partner Provisions for admission, retirement, or death of a partner Dispute resolutio...
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What is the Best Company Registration in New Delhi?

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Starting a business in New Delhi, one of India's most dynamic economic hubs, involves several legal and procedural steps. One of the most crucial decisions is choosing the right type of company registration that suits your business model and goals. In this blog, we will explore the various types of company registration available in New Delhi and help you identify which one is the best for your business. 1. Types of Company Registration in New Delhi There are several types of company registration options in New Delhi, each catering to different business needs and scales. The most common types include: Sole Proprietorship Partnership Firm Limited Liability Partnership (LLP) Private Limited Company (Pvt. Ltd.) Public Limited Company Each type of company has its own legal and operational framework, advantages, and disadvantages. Choosing the right structure depends on the nature of your business, the number of partners, and the long-term goals of the organization. 2. Sole Proprietorsh...
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