Partnership Deed

Querist : Anonymous (Querist) 23 September 2010 This query is : Resolved
What is the difference between registered and unregistered partnership deed

Follow Query

Report Abuse

R.Ramachandran (Expert) 23 September 2010
As far as the contents of the partnership deed is concerned there would be no difference.
But if the partnership deed is not registered then the partners cannot sue any third party. However, the third party can sue the partnership firm.
This is the major difference and a big disadvantage to the unregistered partnership firm. (There are other differences also, but this difference is suffice for now.)