Partnership Firm is a type of business that is formed and controlled by a group of people for profit. It is easy to start and very popular form of business in India, especially among small and medium sized businesses.
Benefits of Partnership
Easy To Operate
The profits and losses can be shared between the partners in a regular basis, unlike other modes of business types.
The compliance requirements are not stringent. Accounting and maintenance of records are simple and minimal regulatory processes.
The partnership form of business gives flexibility to the partners to determine their share of profits and exit structure can be simplified.
- PAN of all the applicants
- Aadhaar copy
- Proof of office facility