Firm Registration in Delhi Made Simple: Choose Between Partnership and LLP
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Starting a business in Delhi involves more than just having a solid plan—it requires choosing the right legal structure and completing the registration process. Two common and reliable options for small to mid-sized businesses are Partnership Firms and Limited Liability Partnerships (LLPs). This guide outlines the essentials of Firm Registration in Delhi , along with the expected costs and legal procedures involved in each. Setting Up a Partnership Firm A Partnership Firm is often the first choice for entrepreneurs working together. It allows two or more people to share responsibilities, profits, and liabilities based on a mutually agreed Partnership Deed . This deed must be drafted carefully, stating each partner’s role, profit-sharing ratio, and capital contribution. Though registration is not mandatory, a registered partnership firm enjoys stronger legal protection in case of disputes or contractual issues. The Partnership Firm Registration Fees in Delhi ty...