Partnership Firm Registration

1. What is a Partnership?
A partnership is a business structure where two or more individuals come together to manage and operate a business, sharing profits and responsibilities as per their mutual agreement. It is governed by the Indian Partnership Act, 1932.

2. Key Features of a Partnership Firm:

• Agreement-Based: Operates through a partnership deed outlining roles, profit-sharing ratios, and responsibilities.
• Shared Control: All partners contribute to the business's management and decision-making.
• Flexible Structure: No minimum capital requirement; easily formed and dissolved.
• Unlimited Liability: Partners are jointly liable for debts.

3. Services Offered:

• Drafting and registration of the Partnership Deed.
• Obtaining a PAN for the partnership firm.
• Assistance with GST Registration if applicable.
• Expert advice on choosing between registered and unregistered partnerships.
• Guidance on partnership tax compliance.

4. Benefits of a Partnership Firm in India:

• Low compliance requirements compared to corporations.
• Simple decision-making due to direct involvement of partners.
• Shared financial burden and responsibility among partners.

5. Documents Required for Partnership Registration:

• Partnership Deed.
• Address proof of the business (electricity bill, rent agreement, etc.).
• Identity proofs of all partners (Aadhar, PAN, etc.).
• Passport-sized photographs of partners.

6. Process to Register a Partnership in India:

1. Draft a partnership deed.
2. Get the deed notarized.
3. Submit the application to the Registrar of Firms along with required documents.
4. Pay the prescribed fees.
5. Receive the Certificate of Registration upon approval.

Why Choose Us?
Our team ensures a hassle-free registration process and expert legal assistance to make your partnership a success.