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Many people who are not exactly familiar with business terms often use the words ‘company’ and ‘firm’ interchangeably. Since both are involved in commercial activities, they may seem to mean the same thing. However, the truth is that they are not exactly the same. There are many differences between a company and a firm. In […]
A partnership firm is a business entity governed by the Indian Partnership Act 1932, which was enacted in India in 1932. To form a partnership firm, a minimum of two partners is required. Unlike a company registered under the Companies Act 2013, a partnership does not need to appoint a director. In this blog post, […]
The partnership firm is a business structure that is mostly used in India. To form a partnership, two or more individuals come together to establish a business and divide the profits among themselves in an agreed ratio. The business of partnership can be related to any relevant trade, occupation, or profession. The minimum number of […]