Partnerships firms are relatively easy to start as is prevalent amongst small and medium sized businesses in the unorganized sectors.

There are two types of Partnership firms, registered and un-registered Partnership firm. It is not compulsory to register a Partnership firm; however, it is advisable to register a Partnership firm due to the added advantages. Partnership firms are created by drafting a Partnership deed amongst the Partners and Legal Firm India can help start a registered or un-registered Partnership firm in India.

A Partnership is easy to form as no cumbersome legal formalities are involved. Its registration is also not essential. However, if the firm is not registered, it will be deprived of certain legal benefits.