Partnership Firms in India are governed by the Indian Partnership Act, 1932. This is very simple and easy way to start the Business.
Need Minimum two Person for the Registration(Even you can also include your any family member on the paper work)
Less Costing and Less Compliance for Testing your Ideas.
If your budget is less and want just test your ideas then you can register a partnership firm without the registrar of firm which is optional thing.
In Less Costing its not register with the Registrar of Firms so you can not file case against any partner or any third party in the business, another thing its a simple firm and taxation is the same as LLP so if budget is not issue then choose LLP.
Need Min 2 Person for the Registration as you or else you can include your any family member on the paper.
Its a best for the Family Business.
We never recommend for the Partnership Firm with the Registrar of Firms. Reason is Costing is nearby same as LLP then why not choose LLP which is the mixture of the Partnership Firm and Private Limited Company.
When LLP Gives you more advantages in same costing or taxation then why avoid the LLP instead of Partnership Firm with the Registrar of Firms.