Two or more persons enter into a partnership and establish a partnership firm. The partners of the firm equally share the profits derived from the business. They will also have to bear the losses of the firm. The partnership firm is regulated under the Partnership Act, 1932. It is ideal for small businesses run by two or more persons with low investment.

Asvika provides Partnership Firm registration services, helping individuals establish their business quickly and easily.

A partnership firm is easy to form and does not require complex legal formalities. The responsibilities and roles of each partner are usually defined in a written agreement called a partnership deed. This helps in avoiding future disputes and ensures smooth functioning of the business.