How does a partnership firm work? Partnerships are formed by a number of people forming a single legal entity. To split the profits from the company, they form a partnership, which is managed either by all of the partners together or by one partner on behalf of the others. Their partnership is governed and controlled by an agreement they created between them. Partnership firms are among the most common types of commercial organizations in India. As a partner, you must meet the following qualifications Planning to start a firm registration online will require you to understand the requirements for becoming […]