Partnership Price - 3999/- + Govt. Fee Extra

Partnership Firm is a type of business entity where two or more individuals come together to conduct business. They agree to contribute capital, share responsibilities, and divide profits or losses according to a pre-established partnership agreement.

Advantages of a Partnership Firm:

Ease of Formation: The process of setting up a partnership firm is simple and involves minimal legal requirements compared to other business entities.

Shared Responsibility: Partners share the workload and decision-making responsibilities, which can lead to more effective management and diverse expertise.

Flexibility: The partnership agreement allows for flexibility in structuring the business and determining how profits and losses are shared.

Cost-Effective: Partnership firms typically incur lower setup and operational costs compared to corporations, making them an economical choice for many small businesses.

Access to Capital: With multiple partners, a partnership firm may have greater access to capital and resources than a sole proprietorship.