Partnership firm is a business form in which 2 or more individuals can join hands to do business.
Partnership firm can be easily & quickly registered in comparision to other form of business.
Low Cost Registration
As comparison to other business form, cost of registering partnership firm is very low.
More Tax Saving as compare to sole proprietor business form.
Sharing of Risk
Individuals having same business goal can form and share risk & rewards.
Compliances & Disclosure
Least compliance & disclosure required as compare to other business form.