Advantages of Registration of Partnership Business

Supriyo Sir
Advantages of Registration of Partnership Business

What are the advantages of registration of partnership business?

The benefits or advantages of registration of a partnership business are –

1. Partners can be sure of their fair dues.

2. There is very little fear of dishonesty and fraud.

3. The new partner can claim his rights.

4. Such institutions protect the interests of third parties.

5. If a partner retires, he can be assured of his liability.

6. Any such partner may sue a third party or another partner to enforce its rights.

7. Partnership deed is a permanent document.

8. Any dispute arising between the partners in the future is easily settled as per the terms of the agreement.

Important Questions from this Chapter:

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