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Forming a partnership with another individual is one of the easiest ways to start a business. You and your partner form a partnership when you agree to work together for profit. There are partnership regulations in each state that govern partnerships in their respective regions. Partnerships offer the flexibility to resolve most disputes privately by … Read More “The Dissolution of Partnership Firm: Everything You Need To Know” »
In India, partnerships are governed and regulated by the Indian Partnership Act of 1932. In accordance with Section 4 of this Act, a partnership is simply a relationship between two people who agree to split profits. These people usually sign a Partnership Agreement that outlines their roles, responsibilities, tasks, and profits. A valid PAN card … Read More “PAN Cards For Partnership Firm” »
Individual partners in a partnership are called ” Partners “; a partnership firm, collectively, is called a ” Partnership Firm “; and the name under which their business is conducted is called ” Firm Name ” ” An individual that makes up a partnership firm deed does not form a separate legal entity. It is … Read More “What is Partnership Firm ?” »
