A Partnership Firm is one of the most popular forms of a business organization in India where two or more people come together with a common object to set up a business and divide the profits under an agreed ratio. To form a partnership to or more people are required to come together and agree to share profits as well as losses in the equal ratio or predetermined ratio and also A Partnership Deed between two partners or more than two partners can be formed and A Partnership Firm or Partnership Deed Registration through a contract. All types of partnership firms are governed under the Indian act of 1932.
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