As we all know that there is no compulsion on the registration of the partnership firm but there are certain benefits which can be enjoyed by only registered partnership firm. They are given as follows:
In case of a dispute between partners or between firm & partners or between ex-partners & firm or between ex-partners & continuing partners then it becomes easier to approach the court for the resolving the same.
If the firm is registered then it becomes easier to file a dispute against the third party.
In case, the third party files for the suit against the firm, then the can always ask for set off a claim which means the third party owes money to the firm
These are the major benefits which are only available for registered firms.