Firm Registration in Delhi: Partnership vs LLP – What to Choose?

Starting a business in Delhi requires more than just an idea and a plan—it needs the right legal structure. Choosing how to register your firm is one of the first decisions you'll face, and understanding the benefits of each type of registration can make a real difference. Two of the most popular options are Partnership Firms and Limited Liability Partnerships (LLPs). Here’s a simple guide to help you decide and understand the process of Firm Registration in Delhi . Partnership Firm: Simple Setup for New Businesses A partnership firm is ideal for small businesses where two or more people come together to share responsibility, resources, and profits. It’s a flexible option with fewer compliance requirements. While registration isn’t mandatory, registering a partnership provides legal advantages such as the ability to file suits and open business bank accounts in the firm’s name. To register, you’ll need to create a Partnership Deed that outlines the roles, profit-sharing ratio, ...