Despite government efforts to promote the Limited Liability Partnership (LLP) model as a more secure and scalable alternative to traditional partnerships, many partnership firms across India are struggling to transition due to regulatory, procedural, and...

As informal business partnerships continue to flourish across sectors, legal professionals are raising serious concerns about the consequences of operating without formal registration. According to leading legal experts and corporate advisors, unregistered partnership...

 In a strong indicator of growing formalization among small businesses and professionals, the Registrar of Firms across several Indian states has reported a marked increase in the number of digital registrations of partnership firms over the past fiscal year. The...

In a move aimed at facilitating cross-border collaboration and investment in unincorporated businesses, the Reserve Bank of India (RBI) has issued updated guidelines allowing foreign nationals and entities to become partners in Indian partnership firms and Limited...

The Income Tax Department has issued an advisory highlighting several recurring errors found in the income tax filings of partnership firms, urging tax professionals and firm partners to exercise greater diligence during the assessment process. The notice follows a...

 In a major step towards promoting digital inclusion and ease of doing business, the Government of India has officially enabled partnership firms to apply for Micro, Small and Medium Enterprise (MSME) benefits through the online Udyam Registration portal. This...

Facing a prolonged slowdown in venture capital inflows and tighter access to private equity, a growing number of Indian startups are opting to register as partnership firms instead of incorporating as private limited companies. This strategic shift comes as founders...

In a significant judgment impacting partnership law, the Supreme Court of India has clarified the extent of liability of retired partners for acts of the firm committed after their retirement. The ruling, delivered by a bench led by Justice A.K. Mishra, provides...

The Central Board of Indirect Taxes and Customs (CBIC) has issued new guidelines under the Goods and Services Tax (GST) regime specifically tailored for partnership entities. This move is part of the government’s continuing efforts to bring clarity, compliance ease,...

    In a bid to promote ease of doing business and encourage more entrepreneurs to formalize their ventures, the Government of India has announced a major overhaul of the registration process for partnership firms. This reform is aimed at reducing...