Question

How is a partnership registered?

Answer 1

A partnership is registered by submitting a statement in a prescribed form to the firm’s registrar, along with the prescribed fee. This statement contains particulars such as the firm’s name, principal place of business, other business places, the date each partner joined, partners’ full names and permanent addresses, and the duration of the partnership, if any. All partners must sign the statement. Registered firms must inform the registrar of any changes to the particulars.