A Clear Guide to Firm Registration in Delhi: Partnership vs LLP

Starting a new business in Delhi is exciting, but it also comes with essential legal steps. One of the most important decisions you'll make is choosing the right business structure. Whether you opt for a simple partnership or a more structured LLP (Limited Liability Partnership), firm registration ensures your business runs legally and efficiently. Let’s explore the differences and processes involved in Firm Registration in Delhi . Why Choose a Partnership Firm? A partnership firm is a great option for small businesses run by two or more people. It offers a straightforward setup and shared responsibilities. Although registration is not mandatory under the Indian Partnership Act, registering your partnership provides key advantages, such as legal recognition and easier access to banking and financing. To start, you’ll need a Partnership Deed that outlines roles, profit-sharing ratios, and the terms of the partnership. Once notarized, you can submit it to the Registrar of F...