Requirements :- Need Min 2 Person for the Registration as you or else you can include your any family member on the paper.
Costing :- Nearby 7000 INR to 8000 INR with the Government Charges & Stamp, Notarization and most important expensive Registrar of Firms.
Advantages :- It’s a best for the Old Family Business where the business structure is very complex on own terms.
Recommendation :- We never recommend for the Partnership Firm with the Registrar of Firms. The reason is Costing is nearby same as LLP then why not choose LLP which is the mixture of the Partnership Firm and Private Limited Company.
Reason to avoid :- When LLP Gives you more advantages in same costing or taxation then why avoid the LLP instead of Partnership Firm with the Registrar of Firms.