An easier way of doing business with other persons is possible by way of making a Partnership firm with signing a dead with T&C mutually agreed between the Partners. In a partnership firm there are at least two natural persons (member) working together under binding of their respective terms and conditions with for their benefits. In India, the Partnerships are regulated under provisions of The Partnership Act 1961. The Partnership deed defining the terms & conditions being signed may be registered either with the registrar or by a notarization through a Notary Magistrate / Magistrate of the 1st class will be sufficient to start and carry the business. This form of firm also a recognized format in industry.
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