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A partnership firm has been defined clearly in Section 4 of the act where a partnership has been said to be the relation between individuals who have consented to sharing the profits accrued from a business. In India, businesses have the great roles and partnership business has such position to build better opportunities for others as well as for it. See the factors that actually build up a partnership: 1. Partnership's quality 2. Number of partners required to form a firm 2. Contract between the partners 4. Advantages in partnership business 5. How to register partnership firm? 6. Process for getting the registration