Q2 of 24 Page 57

If registration is optional, why do partnership firms willingly go through this legal formality and get themselves registered? Explain.

The partners in a firm willingly go through legal formality though it is optional because the partners of non registered firms cannot file suit against the third party. The firm cannot file a case against any of the partners if they are unlawful. Even they cannot claim against the third party in the court.


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