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Fists in Solidarity

Partnership Registration

Benefits of Registering a Partnership Firm

1. Potential to sue the firm or sue the other partners

2. The capacity of the firm to sue third parties

3. Right to use the principle of set-Off

4. Better credibility

5. Ability to convert into an entity

Procedure to register a Partnership Firm

1. Partnership deed

2. Execution of partnership deed

3. Stamp duty and notary procedure

4. Obtaining a PAN for the partnership firm

5. Partnership deed registration

6. Opening of a bank account

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