A partnership firm is a type of business structure which is well-recognized by most of the entrepreneurs. This type of business structure is preferred with mutual consent of all the partners of the company for a profitable purpose. Generally, the firm is managed, controlled and owned by a set of people known as partners with some shared capital in the firm.

Partnership firms are of two different types, registered and non-registered firms. As partnership firm registration online is not mandatory in India but it is highly recommendable to register. Registered Partnership firm enjoys various advantages which are not applicable to the non-registered firms. With very less documentation, rules and formalities, a partnership firm registration is done as per the Partnership Act, 1932