17

Online Partnership Formation in West Bengal


https://www.legalyy.com

A partnership is one of the few essential forms of a business structure that are widely prevalent in India and all over the world. A Partnership comes into existence when two or more two individuals come together to start a new venture. Here, the profit is divided amongst the individuals in a particular ratio that was supposedly pre-decided by the individuals themselves. It is quite easier to form a partnership, unlike company formation. The partnership is very common among small and medium-sized businesses that come under unorganized sectors besides large ventures. For Registration for Partnership, it is well evident that you must decide amongst your partners on the name of your firm. The name of your firm should be unique that is not similar to any other existing business. Following which you need to arrive at a partnership deed which is a document containing the rights and duties of the partners in the venture. In order to be existent, it has to be well-worded—a written document. The terms of the Partnership Deed can be formulated based on your and your partners’ interests that can contradict the Indian Partnership Act, 1932.

Read »
Created by Legalyy 32 weeks 4 days ago – Made popular 32 weeks 4 days ago
Category: Business   Tags: