Description

A partnership is a form of business where two or more people share ownership, as well as the responsibility for managing the company and the income or losses the business generates. That income is paid to partners, who then claim it on their personal tax returns – the business is not taxed separately, as corporations are, on its profits or losses. Register a partnership firm through Tax Consultants and get Chartered Accountant support for partnership deed drafting. Partnership firms can be registered by two persons in any State across India. The partnership could be registered or unregistered. Partnerships are ideal for small businesses in the unorganized sector having multiple promoters.