What are the different types of Partnership accounts?


Partnership firm accounts are classified as: 

  • Normal Partnership Firm account
  • Limited Liability Partnership (LLP) Firm account

    Partnership TypeTrading AccountDemat Account
    Normal Partnership Firm
    Must be opened in the name of the firm.
    Must be opened in the name of the partners. 
    (up to 3)
    Limited Liability Partnership Firm
    Must be opened in the name of the firm.
    Must be opened in the name of the firm. 

Still need help? Create Ticket