Unlimited Liability Partnership Firm Service

We are engaged in offering excellent quality Unlimited Liability Partnership Firm Service to our valuable clients. Unlimited Partnership is governed with the Partnership Act, 1932. Partnership is the simplest form of combination to carry on a business. It arises when two or more people carry on business together with the object of making a profit. The rules of partnership law fall into two parts: external rules, which govern relations between the partnership and those dealing with it (customers, etc); and internal rules which govern relations between the partners themselves.

Under Partnership Act, every partner has the right to take part in the management of the business of the firm. In this case the liability of all the partners is unlimited. It means in order to meet the creditora s claims even the private property of the partners can also be used.

Benefits of Partnership Firm:
1. Registered under a Govt. of N. C. T. of Delhia / a Govt. Registereda
2. Registered Firm has more value than unregistered firm
Benefits at the time taking Contracts from Govt. or other Agencies
4. Identification of the PARTNERSHIP FIRM
5. Separate Legal Entity
6. Benefit in taking legal Action
7. Name Benefits
8. No Statutory Audit requirements
9. No requirement of any minimum capital contribution