PARTNERSHIP FIRM

Start a Partnership Firm with partners of your choice and get the profits in an agreed ratio.
Get the Online Partnership Firm Registration now @1,999/- (Lowest fee assured)

Package Inclusion : –

  • On call discussion about Business Model
  • Partnership deed drafting
  • Partnership deed registration
  • Partnership PAN & TAN
  • Free Consultation with Experts (CA/CS/Lawyers)

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    Benefits of Partnership Firm Registration

    Partnership Registration - Benefits - StartMyBusiness

    Procedure for Partnership Firm Registration

    StartMyBusiness - Registration Process - Partnership Firm

    DOCUMENTS REQUIRED

    Form 1: Application for registration under Partnership Act

    ID Proof & Address of all partners (PAN/Adhaar/ Driving License/ Voter ID/ Passport)

    Telephone bill, Electricity Bill, Water Bill address proof of the office of Partnership.

    Affidavit declaring that you are willing to become a partner

    Rental or lease agreement of the property ( As a proof of principle place of business)

    Original copy of Partnership Deed, signed by all partners

    Main Elements of a Partnership Deed

    Partnership Registration - Main Elements - StartMyBusiness

    COMPARISON

    Private Limited Company One Person Company Limited Liability Partnership partnership Firm Proprietorship Firm
    Act
    Companies Act, 2013
    Companies Act, 2013
    Limited Liability Partnership Act, 2008
    Indian Partnership Act, 1932
    No specified Act
    Registration Requirement
    Mandatory
    Mandatory
    Mandatory
    Optional
    No
    Number of members
    2 – 200
    Only 1
    2 – Unlimited
    2 – 50
    Only 1
    Number of Director/Partner
    2 – 15
    Only 1
    2 – Unlimited
    2 – Unlimited
    Only 1
    Separate Legal Entity
    Yes
    Yes
    Yes
    No
    No
    Liability Protection
    Limited
    Limited
    Limited
    Unlimited
    Unlimited
    Statutory Audit
    Mandatory
    Mandatory
    Dependent
    Not Mandatory
    Not Mandatory
    Ownership Transfer ability
    Restricted
    No
    Yes
    No
    No
    Uninterrupted Existence
    Yes
    Yes
    Yes
    No
    No
    Foreign Participation
    Allowed
    Not Allowed
    Allowed
    Not Alowed
    Not Allowed
    Tax Rates
    Moderate
    Moderate
    High
    High
    Low
    Statutory Compliance
    High
    Moderate
    Moderate
    Less
    Less

    Still Confused? Consult our Business Advisor for free!!

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      Frequently Asked Questions

      The partnership is the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all. It is one of the quickest ways to form a legal entity where a group of 2 or more can do a business. 

      The amount of stamp duty is determined by two factors 1) capital contribution by partners 2) the state in which you are planning to form your partnership firm 

      A signed and notarized Partnership deed drafted on appropriate value of non-judicial stamp paper is the conclusive evidence of the partnership firm 

      Yes, you can name whatever you want however that business name is not secured under laws from being copied.  We advise you to incorporate LLP if you want to protect your business name

      No, In order to discharge the liabilities of the partnership firm all partners are jointly and severally liable to repay all the business liabilities.

      It is optional to register your partnership firm with state authority. However unregistered partnership firm can do business same as a registered partnership can do. If you really want to register your business under government records it is better to form an LLP to save time & cost and restrict your liability.

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      SECURE ONLINE PAYMENT