Second, a partnership firm should register itself with the office of \u201cRegistrar of firms\u201d. It is very important to register a partnership firm for getting recognition and license from the government. If a partnership firm is not registered then it will not be treated as a partnership firm by the government. Third, while applying for registration, partners need to submit a copy of the partnership deed along with other documents to the \u201cRegistrar of firms\u201d.<\/p>\n A local lawyer can be hired for getting the partnership deed prepared. One should get a partnership deed made on stamp paper according to the laws of the state in which the partnership firm is started. All the partners must read the partnership deed carefully and it should be signed by all of them. In case of any dispute between the partners of a partnership firm, the partnership deed will help a lot to solve the dispute. Therefore, a partnership deed is treated as one of the most important document while starting a partnership firm in any country.<\/p>\n This article is a continuation on starting a proprietorship business<\/a>, its advantages<\/a> & disadvantages<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" A partnership firm refers to a business house which is owned by two or more people jointly. There are a large number of partnership firms all over the world. There are many advantages associated with partnership businesses. In order to start a partnership firm, several formalities are required to be completed. Different countries and states […]<\/p>\n","protected":false},"author":42,"featured_media":19820,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1330],"tags":[],"class_list":{"0":"post-10991","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"entry"},"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.amitbhawani.com\/blog\/wp-content\/uploads\/2010\/12\/Partnership-Firm-150x150.jpg?fit=150%2C150&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":16461,"url":"https:\/\/www.amitbhawani.com\/blog\/fix-paisapay-account-suspended-kyc-verification-documents\/","url_meta":{"origin":10991,"position":0},"title":"Fix Paisapay Account Suspended – KYC Verification & Documents","author":"Amit Bhawani","date":"November 15, 2010","format":false,"excerpt":"eBay.com accepts payments through Paypal.com service while the eBay.in service accepts only PaisaPay which is the Indian version of the same service. Here in Paisapay would accept payments through Credit Cards, Banks Transfer, Mobile Payments etc along with EMI option. [How to Sell Products on Ebay] Sellers would get the\u2026","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/www.amitbhawani.com\/blog\/category\/business\/"},"img":{"alt_text":"eBay Logo","src":"https:\/\/i0.wp.com\/www.amitbhawani.com\/blog\/wp-content\/uploads\/2010\/11\/eBay-Logo-300x144.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":10897,"url":"https:\/\/www.amitbhawani.com\/blog\/disadvantages-of-sole-proprietorship-business\/","url_meta":{"origin":10991,"position":1},"title":"Disadvantages of Sole Proprietorship Business","author":"Jay Bhawani","date":"May 9, 2010","format":false,"excerpt":"Sole proprietorship business refers to a business which is owned by an individual. There are many small and medium sized business houses which work under individual owners. Like all other types of business ownerships, sole proprietorship business has its own advantages and disadvantages. It is always good to know about\u2026","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/www.amitbhawani.com\/blog\/category\/business\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":460,"url":"https:\/\/www.amitbhawani.com\/blog\/google-treated-as-malware-wrong-techcrunch-reports\/","url_meta":{"origin":10991,"position":2},"title":"Yahoo Treats Google as Malware Wrong TechCrunch Reports","author":"Amit Bhawani","date":"May 12, 2008","format":false,"excerpt":"I was just reading a article by Michael Arrington at Techcrunch on Google Is A Malware Site (Says Yahoo). Here is a small snippet : I\u2019m going to assume that the fact that some Yahoo search results that point to Google with a malware warning are a sign that their\u2026","rel":"","context":"In "Google"","block_context":{"text":"Google","link":"https:\/\/www.amitbhawani.com\/blog\/category\/google\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.amitbhawani.com\/blog\/wp-content\/uploads\/2010\/12\/Google-Dangerous-Downloads.jpg?fit=318%2C265&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1666,"url":"https:\/\/www.amitbhawani.com\/blog\/google-android-phone-india\/","url_meta":{"origin":10991,"position":3},"title":"Google Android Mobile Phone Launch in India","author":"Amit Bhawani","date":"October 12, 2008","format":false,"excerpt":"HTC[High Tech Computer] the taiwan based mobile phone handset maker has announced that its going to launch the Android based mobile phones in India by this December, also at almost same pricing which would be around Rs8200 while these google phones are sold at 179$. Currently the HTC india is\u2026","rel":"","context":"In "Tech News"","block_context":{"text":"Tech News","link":"https:\/\/www.amitbhawani.com\/blog\/category\/tech-news\/"},"img":{"alt_text":"Google Andriod Mobile Phone","src":"https:\/\/i0.wp.com\/www.amitbhawani.com\/blog\/Images\/G\/Google-Android-Mobile-Phone-1.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":5193,"url":"https:\/\/www.amitbhawani.com\/blog\/nimbuzz-virgin-mobile-partner-vchatter\/","url_meta":{"origin":10991,"position":4},"title":"Nimbuzz and Virgin Mobile Partner for Vchatter","author":"Amit Bhawani","date":"August 4, 2009","format":false,"excerpt":"Nimbuzz (www.nimbuzz.com), the multi-community mobile social messaging, (geo) presence and VoIP provider has partnered with Virgin Mobile India (VMI), India\u2019s first national youth-focused mobile service. The partnership will bring the core elements of the award-winning mobile application, Nimbuzz, such as social networking and chatting to Virgin Mobile\u2019s youth-centric customers. For\u2026","rel":"","context":"In "Tech News"","block_context":{"text":"Tech News","link":"https:\/\/www.amitbhawani.com\/blog\/category\/tech-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.amitbhawani.com\/blog\/wp-content\/uploads\/2010\/12\/Virgin-Nimbuzz-Partner.png?fit=487%2C395&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":518,"url":"https:\/\/www.amitbhawani.com\/blog\/how-to-connect-to-the-internet-from-mobile-using-bluetooth\/","url_meta":{"origin":10991,"position":5},"title":"How to Connect to the Internet from Mobile Using Bluetooth","author":"Amit Bhawani","date":"May 26, 2008","format":false,"excerpt":"I have seen my friends using the internet service on their mobile phone. They have told me that they access the Internet using the Bluetooth. I also have Bluetooth in my mobile set, but I don\u2019t know the method of connecting to the Internet using the Bluetooth. I have searched\u2026","rel":"","context":"In "Broadband Services"","block_context":{"text":"Broadband Services","link":"https:\/\/www.amitbhawani.com\/blog\/category\/broadband\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.amitbhawani.com\/blog\/wp-json\/wp\/v2\/posts\/10991","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.amitbhawani.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.amitbhawani.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.amitbhawani.com\/blog\/wp-json\/wp\/v2\/users\/42"}],"replies":[{"embeddable":true,"href":"https:\/\/www.amitbhawani.com\/blog\/wp-json\/wp\/v2\/comments?post=10991"}],"version-history":[{"count":0,"href":"https:\/\/www.amitbhawani.com\/blog\/wp-json\/wp\/v2\/posts\/10991\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.amitbhawani.com\/blog\/wp-json\/wp\/v2\/media\/19820"}],"wp:attachment":[{"href":"https:\/\/www.amitbhawani.com\/blog\/wp-json\/wp\/v2\/media?parent=10991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amitbhawani.com\/blog\/wp-json\/wp\/v2\/categories?post=10991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amitbhawani.com\/blog\/wp-json\/wp\/v2\/tags?post=10991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Partnership](\"https:\/\/i0.wp.com\/www.amitbhawani.com\/blog\/wp-content\/uploads\/2010\/05\/Partnership-Firm.jpg\" "\\"Partnership")
<\/a>First, all the partners need to have a partnership deed which is accepted by all of them. A partnership deed is a crucial document which includes a lot of information like capital contribution of all the partners, ratio of profit\/loss sharing by different partners, time period of business(if applicable), salary to be given to one or more partners, responsibilities, name and address of all the partners and other conditions. <\/p>\n