A Partnership Firm is one of the most popular forms of a business organization in India where two or more people come together with a common object to set up a business and divide the profits under an agreed ratio. To form a partnership to or more people are required to come together and agree to share profits as well as losses in the equal ratio or predetermined ratio and also A Partnership Deed between two partners or more than two partners can be formed and A Partnership Firm or Partnership Deed Registration through a contract. All types of partnership firms are governed under the Indian act of 1932.
Our Inclusive Services
- Drafting of Partnership Deed
- Name Search & Approval
- PAN Registration
- TAN Registration
- MSME Certificate (Optional)
- GST Registration Certificate
- First 2 Months GST Return Free
Documents Required For Partnership Firm Registration
- Passport size photograph of all Partner
- Firm/Company Address.
- Personal all Partner Pan Card Copy
- Email-id and Contact Number
- Name of Top 5 Products / Services in which the company is dealing
- Saving bank account statement or canceled cheque (one Partner)
- A copy of the electricity bill/ Rent agreement
- All Partner Aadhar card/voter id/Passport Soft copy
- All Partner percentage
Steps of Partnership Firm Registration
After the payment received from you, our company will take the following step.
- Choose a Partnership Firm Name.
- Document preparation and Create a Partnership Deed.
- A partner can Consider whether additional clauses are needed.
- Registration of a partnership firm
- Sending your application for a sign to all the partners.
- Applying for PAN and TAN.
- Applying for GST Registration
- Sending you a partnership firm kit.
Benefits of Partnership Firm
- A Partnership Firm is Easy to establish and can start at a low cost.
- In a Partnership Firm, decision making could be faster because there is no concept of the passing of resolutions.
- A Partnership Firm raises funds easily compared to a proprietorship firm.
- A Partnership Firm has the availability of large resources.
- A Partnership Firm is a flexible organization, as suitable changes can be easily introduced whenever necessary.
- In a Partnership Firm, each partner has an unlimited Liability in a firm
- An opening of the Current Bank Account on the basis of PAN Card and Registered Partnership Deed.
Partnership can be defined as the relation between two or more people who come together and agreed to share the profits and losses of a business run by all.
To start a partnership firm obtain a federal employer identification number, licenses, permits, insurance and choose a location for setup firm.
You can establish a partnership firm with a low cost but there is no limit of cost.
An Indian natural person can be a partner in a partnership company.
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