usha
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what are the benefits of registration of a partnership firm?How to register a partnership firm in India?
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acharya
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i Settlement of Claims
Registered firms can file suit against the third parties. So the rights of registered firms are safe guarded by law. But an un-registered firm or its partner cannot enforce its claim against the third parties or its co-partner.
ii Protection of Rights
The rights and privileges of new partner are also protected in registered firm. But if incoming partner fails to register himself,
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veeru
answered
i Settlement of Claims
Registered firms can file suit against the third parties. So the rights of registered firms are safe guarded by law. But an un-registered firm or its partner cannot enforce its claim against the third parties or its co-partner.
ii Protection of Rights
The rights and privileges of new partner are also protected in registered firm. But if incoming partner fails to register himself, he will incur great risk, because he will not be in a position to file suit for his dues against his firm or his co-partners.
