“A partnership is easy to form since no complex business formalities are required to be fulfilled. The Partnership Act, 1932 regulates the registration of partnership firms in India. A minimum of two persons is required for the registration of the partnership firm.
Partnership registration is not compulsory and is at the discretion of the partners whether they want to register the partnership firm or not. But a partnership firm cannot avail legal benefits if it is not registered, hence it is always advisable to register it.”