✅ Partnership Firm Registration in India – Quick, Cost-Effective & Legally Compliant

📞 Call Now: +91 88266 55143
🌐 Visit: www.filingwindow.com

🔍 What Is a Partnership Firm?

A Partnership Firm is a contractual arrangement between two or more individuals who collectively manage a business, sharing profits, liabilities, and decision-making. Regulated by the Indian Partnership Act, 1932, this structure is ideal for small businesses and startups due to its simplicity, minimal setup costs, and ease of dissolution.

⚙️ Core Characteristics

• Unincorporated Entity – Partners are separate legal persons; the firm itself is not
• Profit-Based Objective – Must aim for business gains
• Capacity Limits – Max. 10 partners for banking, 20 for regular trade
• Agency Relationship – Each partner can bind the firm
• Unlimited Liability – Personal assets may be used to settle firm debts
• Flexible Registration – Optional but legally advantageous

✅ Why Register a Partnership Firm?

• Lower Compliance – No MCA‑style filings or board meetings
• Speedy Setup – Take ~7–15 days with minimal documentation
• Minimal Cost – Setup starts from ~₹2,000—far below a private limited firm
• Legal Clarity – Registered deed provides enforceable rights and dispute prevention
• Tax Transparency – Firm income is passed through to partners’ personal returns

📋 Document Checklist

• Partnership Deed – Specifies roles, profit-sharing, governance
• KYC Proofs – PAN, Aadhaar/Driving License/Voter ID of partners
• Address Proof – Utility bill or rent deed for office address
• Partner Photographs & Signatures
• Bank Account Records – For KYC
• GST/ITR filings – If applicable
• Power of Attorney/NOC/Affidavit – As required

🛠️ How to Register – Step-by-Step

1. Step 1 – Apply for Registration
   Submit form and partnership deed with fee to the Registrar of Firms in your state
2. Step 2 – Name Approval
   Choose a unique, compliant firm name
3. Step 3 – Certificate Receipt
   Post-verification, receive the official Registration Certificate — the firm becomes legally recognized

🧩 Roles & Types of Partners

• Active Partner – Engaged in daily operations
• Sleeping/Dormant Partner – Contributes capital, hands-off role
• Nominal Partner – Name only, no capital; unlimited liability
• Profit-only Partner – Shareprofits; no loss liability
• Incoming/Outgoing Partner – Admission or exit of members
• Partner by Holding Out – Imputed liability if represented as partner

🛎️ Legal & Financial Obligations

• Profit Sharing must follow deed terms
• Unlimited Liability – Partners are jointly responsible
• Records & Accounting – Maintain books accurately
• Tax & Audit:
  • File ITR for partnership
  • Firm-level tax at 30% + surcharge
  • Mandatory tax audit if turnover >₹1 Cr
• GST Registration if turnover exceeds threshold (₹40 L; ₹20 L for NE states)
• TDS & ESIC Compliance – As applicable for employees and contract payments

🤝 Partnership vs Other Structures

✅ Why Register Your Firm with FilingWindow?

• Comprehensive Service: Partnership deed drafting, filings, PAN/TAN & GST setup
• Affordable Pricing: From just ₹999 with expert legal guidance
• Quick Turnaround: Complete registration in 7–15 working days
• Full Legal Clarity: Avoid disputes with airtight deed & credit protections
• Pan-India Access: Legal coverage across all states and union territories

📞 Interested in Partnership Registration?

✅ Efficient. ✅ Compliant. ✅ Cost-effective.
Let FilingWindow guide your partnership firm formation—professionally, affordably, and legally.

📞 Call Now: +91 88266 55143
🌐 Visit: www.filingwindow.com
📩 Email: team.filingwindow@gmail.com

🧩 FAQ – Quick Clarifications

Q: Do partnerships require mandatory registration?
No, but registration grants legal enforceability and court rights.

Q: Is a GST number mandatory?
Only if turnover crosses ₹40L (₹20L for certain states) or engaging in e-commerce.

Q: Who is liable for debts?
All partners hold joint and several liability, meaning personal assets may be used.

Q: What happens if a partner exits or dies?
The firm dissolves unless continuous terms are defined in the deed.

Q: Is a tax audit needed?
Yes, if annual turnover exceeds ₹1 crore.

Q: Can non-residents be partners?
Yes, subject to KYC compliance and tax obligations

✅ Partnership Firm Registration in India – Quick, Cost-Effective & Legally Compliant

📞 Call Now: +91 88266 55143
🌐 Visit: www.filingwindow.com

🔍 What Is a Partnership Firm?

A Partnership Firm is a contractual arrangement between two or more individuals who collectively manage a business, sharing profits, liabilities, and decision-making. Regulated by the Indian Partnership Act, 1932, this structure is ideal for small businesses and startups due to its simplicity, minimal setup costs, and ease of dissolution.

⚙️ Core Characteristics

• Unincorporated Entity – Partners are separate legal persons; the firm itself is not
• Profit-Based Objective – Must aim for business gains
• Capacity Limits – Max. 10 partners for banking, 20 for regular trade
• Agency Relationship – Each partner can bind the firm
• Unlimited Liability – Personal assets may be used to settle firm debts
• Flexible Registration – Optional but legally advantageous

✅ Why Register a Partnership Firm?

• Lower Compliance – No MCA‑style filings or board meetings
• Speedy Setup – Take ~7–15 days with minimal documentation
• Minimal Cost – Setup starts from ~₹2,000—far below a private limited firm
• Legal Clarity – Registered deed provides enforceable rights and dispute prevention
• Tax Transparency – Firm income is passed through to partners’ personal returns

📋 Document Checklist

• Partnership Deed – Specifies roles, profit-sharing, governance
• KYC Proofs – PAN, Aadhaar/Driving License/Voter ID of partners
• Address Proof – Utility bill or rent deed for office address
• Partner Photographs & Signatures
• Bank Account Records – For KYC
• GST/ITR filings – If applicable
• Power of Attorney/NOC/Affidavit – As required

🛠️ How to Register – Step-by-Step

1. Step 1 – Apply for Registration
   Submit form and partnership deed with fee to the Registrar of Firms in your state
2. Step 2 – Name Approval
   Choose a unique, compliant firm name
3. Step 3 – Certificate Receipt
   Post-verification, receive the official Registration Certificate — the firm becomes legally recognized

🧩 Roles & Types of Partners

• Active Partner – Engaged in daily operations
• Sleeping/Dormant Partner – Contributes capital, hands-off role
• Nominal Partner – Name only, no capital; unlimited liability
• Profit-only Partner – Shareprofits; no loss liability
• Incoming/Outgoing Partner – Admission or exit of members
• Partner by Holding Out – Imputed liability if represented as partner

🛎️ Legal & Financial Obligations

• Profit Sharing must follow deed terms
• Unlimited Liability – Partners are jointly responsible
• Records & Accounting – Maintain books accurately
• Tax & Audit:
  • File ITR for partnership
  • Firm-level tax at 30% + surcharge
  • Mandatory tax audit if turnover >₹1 Cr
• GST Registration if turnover exceeds threshold (₹40 L; ₹20 L for NE states)
• TDS & ESIC Compliance – As applicable for employees and contract payments

🤝 Partnership vs Other Structures

✅ Why Register Your Firm with FilingWindow?

• Comprehensive Service: Partnership deed drafting, filings, PAN/TAN & GST setup
• Affordable Pricing: From just ₹999 with expert legal guidance
• Quick Turnaround: Complete registration in 7–15 working days
• Full Legal Clarity: Avoid disputes with airtight deed & credit protections
• Pan-India Access: Legal coverage across all states and union territories

📞 Interested in Partnership Registration?

✅ Efficient. ✅ Compliant. ✅ Cost-effective.
Let FilingWindow guide your partnership firm formation—professionally, affordably, and legally.

📞 Call Now: +91 88266 55143
🌐 Visit: www.filingwindow.com
📩 Email: team.filingwindow@gmail.com

🧩 FAQ – Quick Clarifications

Q: Do partnerships require mandatory registration?
No, but registration grants legal enforceability and court rights.

Q: Is a GST number mandatory?
Only if turnover crosses ₹40L (₹20L for certain states) or engaging in e-commerce.

Q: Who is liable for debts?
All partners hold joint and several liability, meaning personal assets may be used.

Q: What happens if a partner exits or dies?
The firm dissolves unless continuous terms are defined in the deed.

Q: Is a tax audit needed?
Yes, if annual turnover exceeds ₹1 crore.

Q: Can non-residents be partners?
Yes, subject to KYC compliance and tax obligations

✅ Partnership Firm Registration in India – Quick, Cost-Effective & Legally Compliant

📞 Call Now: +91 88266 55143
🌐 Visit: www.filingwindow.com

🔍 What Is a Partnership Firm?

A Partnership Firm is a contractual arrangement between two or more individuals who collectively manage a business, sharing profits, liabilities, and decision-making. Regulated by the Indian Partnership Act, 1932, this structure is ideal for small businesses and startups due to its simplicity, minimal setup costs, and ease of dissolution.

⚙️ Core Characteristics

• Unincorporated Entity – Partners are separate legal persons; the firm itself is not
• Profit-Based Objective – Must aim for business gains
• Capacity Limits – Max. 10 partners for banking, 20 for regular trade
• Agency Relationship – Each partner can bind the firm
• Unlimited Liability – Personal assets may be used to settle firm debts
• Flexible Registration – Optional but legally advantageous

✅ Why Register a Partnership Firm?

• Lower Compliance – No MCA‑style filings or board meetings
• Speedy Setup – Take ~7–15 days with minimal documentation
• Minimal Cost – Setup starts from ~₹2,000—far below a private limited firm
• Legal Clarity – Registered deed provides enforceable rights and dispute prevention
• Tax Transparency – Firm income is passed through to partners’ personal returns

📋 Document Checklist

• Partnership Deed – Specifies roles, profit-sharing, governance
• KYC Proofs – PAN, Aadhaar/Driving License/Voter ID of partners
• Address Proof – Utility bill or rent deed for office address
• Partner Photographs & Signatures
• Bank Account Records – For KYC
• GST/ITR filings – If applicable
• Power of Attorney/NOC/Affidavit – As required

🛠️ How to Register – Step-by-Step

1. Step 1 – Apply for Registration
   Submit form and partnership deed with fee to the Registrar of Firms in your state
2. Step 2 – Name Approval
   Choose a unique, compliant firm name
3. Step 3 – Certificate Receipt
   Post-verification, receive the official Registration Certificate — the firm becomes legally recognized

🧩 Roles & Types of Partners

• Active Partner – Engaged in daily operations
• Sleeping/Dormant Partner – Contributes capital, hands-off role
• Nominal Partner – Name only, no capital; unlimited liability
• Profit-only Partner – Shareprofits; no loss liability
• Incoming/Outgoing Partner – Admission or exit of members
• Partner by Holding Out – Imputed liability if represented as partner

🛎️ Legal & Financial Obligations

• Profit Sharing must follow deed terms
• Unlimited Liability – Partners are jointly responsible
• Records & Accounting – Maintain books accurately
• Tax & Audit:
  • File ITR for partnership
  • Firm-level tax at 30% + surcharge
  • Mandatory tax audit if turnover >₹1 Cr
• GST Registration if turnover exceeds threshold (₹40 L; ₹20 L for NE states)
• TDS & ESIC Compliance – As applicable for employees and contract payments

🤝 Partnership vs Other Structures

✅ Why Register Your Firm with FilingWindow?

• Comprehensive Service: Partnership deed drafting, filings, PAN/TAN & GST setup
• Affordable Pricing: From just ₹999 with expert legal guidance
• Quick Turnaround: Complete registration in 7–15 working days
• Full Legal Clarity: Avoid disputes with airtight deed & credit protections
• Pan-India Access: Legal coverage across all states and union territories

📞 Interested in Partnership Registration?

✅ Efficient. ✅ Compliant. ✅ Cost-effective.
Let FilingWindow guide your partnership firm formation—professionally, affordably, and legally.

📞 Call Now: +91 88266 55143
🌐 Visit: www.filingwindow.com
📩 Email: team.filingwindow@gmail.com

🧩 FAQ – Quick Clarifications

Q: Do partnerships require mandatory registration?
No, but registration grants legal enforceability and court rights.

Q: Is a GST number mandatory?
Only if turnover crosses ₹40L (₹20L for certain states) or engaging in e-commerce.

Q: Who is liable for debts?
All partners hold joint and several liability, meaning personal assets may be used.

Q: What happens if a partner exits or dies?
The firm dissolves unless continuous terms are defined in the deed.

Q: Is a tax audit needed?
Yes, if annual turnover exceeds ₹1 crore.

Q: Can non-residents be partners?
Yes, subject to KYC compliance and tax obligations

✅ Partnership Firm Registration in India – Quick, Cost-Effective & Legally Compliant

📞 Call Now: +91 88266 55143
🌐 Visit: www.filingwindow.com

🔍 What Is a Partnership Firm?

A Partnership Firm is a contractual arrangement between two or more individuals who collectively manage a business, sharing profits, liabilities, and decision-making. Regulated by the Indian Partnership Act, 1932, this structure is ideal for small businesses and startups due to its simplicity, minimal setup costs, and ease of dissolution.

⚙️ Core Characteristics

• Unincorporated Entity – Partners are separate legal persons; the firm itself is not
• Profit-Based Objective – Must aim for business gains
• Capacity Limits – Max. 10 partners for banking, 20 for regular trade
• Agency Relationship – Each partner can bind the firm
• Unlimited Liability – Personal assets may be used to settle firm debts
• Flexible Registration – Optional but legally advantageous

✅ Why Register a Partnership Firm?

• Lower Compliance – No MCA‑style filings or board meetings
• Speedy Setup – Take ~7–15 days with minimal documentation
• Minimal Cost – Setup starts from ~₹2,000—far below a private limited firm
• Legal Clarity – Registered deed provides enforceable rights and dispute prevention
• Tax Transparency – Firm income is passed through to partners’ personal returns

📋 Document Checklist

• Partnership Deed – Specifies roles, profit-sharing, governance
• KYC Proofs – PAN, Aadhaar/Driving License/Voter ID of partners
• Address Proof – Utility bill or rent deed for office address
• Partner Photographs & Signatures
• Bank Account Records – For KYC
• GST/ITR filings – If applicable
• Power of Attorney/NOC/Affidavit – As required

🛠️ How to Register – Step-by-Step

1. Step 1 – Apply for Registration
   Submit form and partnership deed with fee to the Registrar of Firms in your state
2. Step 2 – Name Approval
   Choose a unique, compliant firm name
3. Step 3 – Certificate Receipt
   Post-verification, receive the official Registration Certificate — the firm becomes legally recognized

🧩 Roles & Types of Partners

• Active Partner – Engaged in daily operations
• Sleeping/Dormant Partner – Contributes capital, hands-off role
• Nominal Partner – Name only, no capital; unlimited liability
• Profit-only Partner – Shareprofits; no loss liability
• Incoming/Outgoing Partner – Admission or exit of members
• Partner by Holding Out – Imputed liability if represented as partner

🛎️ Legal & Financial Obligations

• Profit Sharing must follow deed terms
• Unlimited Liability – Partners are jointly responsible
• Records & Accounting – Maintain books accurately
• Tax & Audit:
  • File ITR for partnership
  • Firm-level tax at 30% + surcharge
  • Mandatory tax audit if turnover >₹1 Cr
• GST Registration if turnover exceeds threshold (₹40 L; ₹20 L for NE states)
• TDS & ESIC Compliance – As applicable for employees and contract payments

🤝 Partnership vs Other Structures

✅ Why Register Your Firm with FilingWindow?

• Comprehensive Service: Partnership deed drafting, filings, PAN/TAN & GST setup
• Affordable Pricing: From just ₹999 with expert legal guidance
• Quick Turnaround: Complete registration in 7–15 working days
• Full Legal Clarity: Avoid disputes with airtight deed & credit protections
• Pan-India Access: Legal coverage across all states and union territories

📞 Interested in Partnership Registration?

✅ Efficient. ✅ Compliant. ✅ Cost-effective.
Let FilingWindow guide your partnership firm formation—professionally, affordably, and legally.

📞 Call Now: +91 88266 55143
🌐 Visit: www.filingwindow.com
📩 Email: team.filingwindow@gmail.com

🧩 FAQ – Quick Clarifications

Q: Do partnerships require mandatory registration?
No, but registration grants legal enforceability and court rights.

Q: Is a GST number mandatory?
Only if turnover crosses ₹40L (₹20L for certain states) or engaging in e-commerce.

Q: Who is liable for debts?
All partners hold joint and several liability, meaning personal assets may be used.

Q: What happens if a partner exits or dies?
The firm dissolves unless continuous terms are defined in the deed.

Q: Is a tax audit needed?
Yes, if annual turnover exceeds ₹1 crore.

Q: Can non-residents be partners?
Yes, subject to KYC compliance and tax obligations

✅ Partnership Firm Registration in India – Quick, Cost-Effective & Legally Compliant

📞 Call Now: +91 88266 55143
🌐 Visit: www.filingwindow.com

🔍 What Is a Partnership Firm?

A Partnership Firm is a contractual arrangement between two or more individuals who collectively manage a business, sharing profits, liabilities, and decision-making. Regulated by the Indian Partnership Act, 1932, this structure is ideal for small businesses and startups due to its simplicity, minimal setup costs, and ease of dissolution.

⚙️ Core Characteristics

• Unincorporated Entity – Partners are separate legal persons; the firm itself is not
• Profit-Based Objective – Must aim for business gains
• Capacity Limits – Max. 10 partners for banking, 20 for regular trade
• Agency Relationship – Each partner can bind the firm
• Unlimited Liability – Personal assets may be used to settle firm debts
• Flexible Registration – Optional but legally advantageous

✅ Why Register a Partnership Firm?

• Lower Compliance – No MCA‑style filings or board meetings
• Speedy Setup – Take ~7–15 days with minimal documentation
• Minimal Cost – Setup starts from ~₹2,000—far below a private limited firm
• Legal Clarity – Registered deed provides enforceable rights and dispute prevention
• Tax Transparency – Firm income is passed through to partners’ personal returns

📋 Document Checklist

• Partnership Deed – Specifies roles, profit-sharing, governance
• KYC Proofs – PAN, Aadhaar/Driving License/Voter ID of partners
• Address Proof – Utility bill or rent deed for office address
• Partner Photographs & Signatures
• Bank Account Records – For KYC
• GST/ITR filings – If applicable
• Power of Attorney/NOC/Affidavit – As required

🛠️ How to Register – Step-by-Step

1. Step 1 – Apply for Registration
   Submit form and partnership deed with fee to the Registrar of Firms in your state
2. Step 2 – Name Approval
   Choose a unique, compliant firm name
3. Step 3 – Certificate Receipt
   Post-verification, receive the official Registration Certificate — the firm becomes legally recognized

🧩 Roles & Types of Partners

• Active Partner – Engaged in daily operations
• Sleeping/Dormant Partner – Contributes capital, hands-off role
• Nominal Partner – Name only, no capital; unlimited liability
• Profit-only Partner – Shareprofits; no loss liability
• Incoming/Outgoing Partner – Admission or exit of members
• Partner by Holding Out – Imputed liability if represented as partner

🛎️ Legal & Financial Obligations

• Profit Sharing must follow deed terms
• Unlimited Liability – Partners are jointly responsible
• Records & Accounting – Maintain books accurately
• Tax & Audit:
  • File ITR for partnership
  • Firm-level tax at 30% + surcharge
  • Mandatory tax audit if turnover >₹1 Cr
• GST Registration if turnover exceeds threshold (₹40 L; ₹20 L for NE states)
• TDS & ESIC Compliance – As applicable for employees and contract payments

🤝 Partnership vs Other Structures

✅ Why Register Your Firm with FilingWindow?

• Comprehensive Service: Partnership deed drafting, filings, PAN/TAN & GST setup
• Affordable Pricing: From just ₹999 with expert legal guidance
• Quick Turnaround: Complete registration in 7–15 working days
• Full Legal Clarity: Avoid disputes with airtight deed & credit protections
• Pan-India Access: Legal coverage across all states and union territories

📞 Interested in Partnership Registration?

✅ Efficient. ✅ Compliant. ✅ Cost-effective.
Let FilingWindow guide your partnership firm formation—professionally, affordably, and legally.

📞 Call Now: +91 88266 55143
🌐 Visit: www.filingwindow.com
📩 Email: team.filingwindow@gmail.com

🧩 FAQ – Quick Clarifications

Q: Do partnerships require mandatory registration?
No, but registration grants legal enforceability and court rights.

Q: Is a GST number mandatory?
Only if turnover crosses ₹40L (₹20L for certain states) or engaging in e-commerce.

Q: Who is liable for debts?
All partners hold joint and several liability, meaning personal assets may be used.

Q: What happens if a partner exits or dies?
The firm dissolves unless continuous terms are defined in the deed.

Q: Is a tax audit needed?
Yes, if annual turnover exceeds ₹1 crore.

Q: Can non-residents be partners?
Yes, subject to KYC compliance and tax obligations

✅ Partnership Firm Registration in India – Quick, Cost-Effective & Legally Compliant

📞 Call Now: +91 88266 55143
🌐 Visit: www.filingwindow.com

🔍 What Is a Partnership Firm?

A Partnership Firm is a contractual arrangement between two or more individuals who collectively manage a business, sharing profits, liabilities, and decision-making. Regulated by the Indian Partnership Act, 1932, this structure is ideal for small businesses and startups due to its simplicity, minimal setup costs, and ease of dissolution.

⚙️ Core Characteristics

• Unincorporated Entity – Partners are separate legal persons; the firm itself is not
• Profit-Based Objective – Must aim for business gains
• Capacity Limits – Max. 10 partners for banking, 20 for regular trade
• Agency Relationship – Each partner can bind the firm
• Unlimited Liability – Personal assets may be used to settle firm debts
• Flexible Registration – Optional but legally advantageous

✅ Why Register a Partnership Firm?

• Lower Compliance – No MCA‑style filings or board meetings
• Speedy Setup – Take ~7–15 days with minimal documentation
• Minimal Cost – Setup starts from ~₹2,000—far below a private limited firm
• Legal Clarity – Registered deed provides enforceable rights and dispute prevention
• Tax Transparency – Firm income is passed through to partners’ personal returns

📋 Document Checklist

• Partnership Deed – Specifies roles, profit-sharing, governance
• KYC Proofs – PAN, Aadhaar/Driving License/Voter ID of partners
• Address Proof – Utility bill or rent deed for office address
• Partner Photographs & Signatures
• Bank Account Records – For KYC
• GST/ITR filings – If applicable
• Power of Attorney/NOC/Affidavit – As required

🛠️ How to Register – Step-by-Step

1. Step 1 – Apply for Registration
   Submit form and partnership deed with fee to the Registrar of Firms in your state
2. Step 2 – Name Approval
   Choose a unique, compliant firm name
3. Step 3 – Certificate Receipt
   Post-verification, receive the official Registration Certificate — the firm becomes legally recognized

🧩 Roles & Types of Partners

• Active Partner – Engaged in daily operations
• Sleeping/Dormant Partner – Contributes capital, hands-off role
• Nominal Partner – Name only, no capital; unlimited liability
• Profit-only Partner – Shareprofits; no loss liability
• Incoming/Outgoing Partner – Admission or exit of members
• Partner by Holding Out – Imputed liability if represented as partner

🛎️ Legal & Financial Obligations

• Profit Sharing must follow deed terms
• Unlimited Liability – Partners are jointly responsible
• Records & Accounting – Maintain books accurately
• Tax & Audit:
  • File ITR for partnership
  • Firm-level tax at 30% + surcharge
  • Mandatory tax audit if turnover >₹1 Cr
• GST Registration if turnover exceeds threshold (₹40 L; ₹20 L for NE states)
• TDS & ESIC Compliance – As applicable for employees and contract payments

🤝 Partnership vs Other Structures

✅ Why Register Your Firm with FilingWindow?

• Comprehensive Service: Partnership deed drafting, filings, PAN/TAN & GST setup
• Affordable Pricing: From just ₹999 with expert legal guidance
• Quick Turnaround: Complete registration in 7–15 working days
• Full Legal Clarity: Avoid disputes with airtight deed & credit protections
• Pan-India Access: Legal coverage across all states and union territories

📞 Interested in Partnership Registration?

✅ Efficient. ✅ Compliant. ✅ Cost-effective.
Let FilingWindow guide your partnership firm formation—professionally, affordably, and legally.

📞 Call Now: +91 88266 55143
🌐 Visit: www.filingwindow.com
📩 Email: team.filingwindow@gmail.com

🧩 FAQ – Quick Clarifications

Q: Do partnerships require mandatory registration?
No, but registration grants legal enforceability and court rights.

Q: Is a GST number mandatory?
Only if turnover crosses ₹40L (₹20L for certain states) or engaging in e-commerce.

Q: Who is liable for debts?
All partners hold joint and several liability, meaning personal assets may be used.

Q: What happens if a partner exits or dies?
The firm dissolves unless continuous terms are defined in the deed.

Q: Is a tax audit needed?
Yes, if annual turnover exceeds ₹1 crore.

Q: Can non-residents be partners?
Yes, subject to KYC compliance and tax obligations