Explain the advantages of registration of a partnership firm.

1.	Explain the advantages of registration of a partnership firm.
Answer» Advantages of registering a partnership firm: The partners can file a case and go to the court of law for recovering dues from a third party. Any partner can file a case in the court against other partners or the firm. A partner can demand justice for his rights and share in the partnership firm from the court of law. A partner who wishes to retire from the firm can give a public notice and free himself from his liabilities. The existence of the firm becomes known to public through registration.

Answer»

Advantages of registering a partnership firm:

The partners can file a case and go to the court of law for recovering dues from a third party.
Any partner can file a case in the court against other partners or the firm.
A partner can demand justice for his rights and share in the partnership firm from the court of law.
A partner who wishes to retire from the firm can give a public notice and free himself from his liabilities.
The existence of the firm becomes known to public through registration.

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