What are the advantages of registering a partnership firm?

1.	What are the advantages of registering a partnership firm?
Answer» 1. A Registration firm can file a suit in the court of law against third party. But it is not possible in case of an unregistered firm. 2. A registered firm can file a case against the other partners against the loans they owe to the firm. 3. The third parties can file a case against an unregistered firm for the recovery of lo 4. Any partner can file a case against the firm or other partners for the dissolution of the firm or the settlement of accounts.

Answer»

1. A Registration firm can file a suit in the court of law against third party. But it is not possible in case of an unregistered firm.

2. A registered firm can file a case against the other partners against the loans they owe to the firm.

3. The third parties can file a case against an unregistered firm for the recovery of lo

4. Any partner can file a case against the firm or other partners for the dissolution of the firm or the settlement of accounts.

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