Types of Partnerships | Indian Partnership Act | Judiciary Exam – Free PDF Download

Types of Partnerships

INDIAN PARTNERSHIP ACT, 1932

Types of Partnerships  in the Partnership Act

1. According to objectives
2. According to tenure
3. According to nature
4. According to legality
5. On the basis of Registration

According to Objectives

1. Partnership at Will
2. Particular Partnership

According to Tenure

1. Partnership for a Fixed Term
2. Flexible Partnership

According to Nature

1. General Partnership
2. Limited Liability Partnership (LLP)

According to Legality

1. Legal Partnership
2. Illegal Partnership

On the basis of Registration

• The registration of a firm is not mandatory under Partnership Act, 1932 Both Registered firm and unregistered firm are valid in the eyes of Law.
• Unregistered Partnership Firm
• Registered Partnership Firm

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