Partnership
Start your Business as a Partnership Firm
Pre-requisite Documents required for Registration
Our Registration Process Inclusions
Partnership firm is a business entity that is formed by a mutual agreement known as partnership deed, between two or more persons with an intention to share risk, responsibilities, capital and profits. Indian Partnership Act, 1932 governs partnerships in India. The Act authenticates the existence of both unregistered and registered partnerships. However it is advisable to register your firm as there are several shortcomings associated with an unregistered firm.
Attributes of a Registered Partnership Firm- Shared risks and responsibilities
- Liability of partners is unlimited
- Entitled to file a suit in any court
- Eligible to avail Startup India scheme
- Few tax benefits in forms of exemptions
- Expensive to maintain than proprietorship firms
- Predefined deed with objects, rights and obligations
- Lower legal compliances and disclosure requirements
Pre-requisite Documents required for Registration
- PAN Card copy of all partners
- ID Proof copy of all partners
- Address Proof copy of all partners
- Address Proof copy of firm
- Partnership Deed on stamp paper
Our Registration Process Inclusions
- Registration related consultancy
- Collection of basic information and documents
- Drafting partnership deed and required documents
- Obtaining Pan Card of firm for registering process
- Stamp and Notarization of necessary documents
- Preparation of application for registration
- Procurement of registration certificate