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Partnership Firm Registration Process, Fees, Format & Eligibility A partnership firm is a form of business where two or more individuals come together to carry out a business for profit. This kind of business form is governed by the Indian Partnership Act of 1932. Key characteristics include a mutual agreement, joint ownership, profit-sharing, and unlimited liability of the partners. This type of partnership firm involves the distribution of profits and liabilities among its members, making it a typical choice for small businesses and entrepreneurs. How to Register a Partnership Firm Online Step 1: Fill out an application for a Register Partnership Firm. Step 2: Selecting the Partnership Firm’s Name Step 3: Registration Certificate
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