A Partnership is a highly popular business structure in India where two or more individuals agree to pool their capital, skills, and resources to operate a business and share its profits and losses. Governed by the Indian Partnership Act, 1932, this structure is built on mutual trust and agency, meaning each partner can act on behalf of the business. It offers a simpler setup process and lower compliance burdens than corporate structures, making it an excellent choice for co-founders starting a medium-sized retail, trading, or service business.
GET STARTED NOW