Patnership firm.

Partners, firm, firm name:

A firm name shall not contain any words expressing or impliying the sanction, approvel or patronage of the government. The state government may, however, signify its consent to the use of such words by a firm as part of name by order in writing.


In order to determine the existence of partnership between a group of persons. The definition of one must look to the agreement between them. If the agreement is to share the profits of a business, and the business is carried on by all or any of them acting for all, there is partnership, otherwise not.


partnership and firm:

Partnership is merely an abstract legal relation between the partners. It is in other words an obstracting a firm is a collection name for all the partners. It is a concrete thing. Partnership may be styled as the invisible body bound together.