Partnership Registration

Partnership Registration

" Get Your Partnership Registration Within 1 Day. "

Get your Partnership Registration now from anywhere in India.

₹ 4,999/- (All Inclusive)

We'll never share your email with anyone else.

2 Lakhs

Happy Customers

300+

Professionals

250+

Partners

₹ 4,999/- (All Inclusive)

We'll never share your email with anyone else.

2 Lakhs

Happy Customers

300+

Professionals

250+

Partners

 
 

How Partnership Registration Works?

 
 

Collect Details

We collect your business details.

 

 

Drafting Details

We make your initial draft and share with you.

 

Final Implementation

We implement all details and fine tune every aspect.

 
 
 

What is Partnership Firm?

 

A partnership firm is a well-recognized business structure formed with mutual consent of all the partners for a profitable purpose. Partnership firm represents a business entity that is formed with a purpose of making a profit from the business. Two or more parties come together with a formal agreement (known as Partnership Deed) to own and manage the business.

Partnership firms are not separate legal entity while the partners are. A partnership firm cannot be debtor or creditor and cannot own a property .The property, debit or credit of a partnership firm is actually for the partners in the eyes of law

Choose Partnership because

  1. Partnership registration is inexpensive as compared to LLP.
  2. It has minimum compliance requirement.
  3. Partnership registration is very easy.

Documents required for formation of a partnership firm

 

Partners address proof: copy of Aadhar card and voter id , driving license , passport of all partners.

Rent agreement: NOC and rent agreement required from the owner of the place of business ,its rented.

PAN card : a copy of PAN card of all partner required which must be self attested.

Business address proof: Utility bill or electricity bill of the place of business.

 

Protection

Protects one from personal liability and different risks, losses in business.

Attract Customers     

Attract market and customers by increasing trust and confidence in them.

Secure Credibility

Get good credit investments from banks and investors, securing reliability & rating.

Liability Protection

Registering a TM owns a license that can be sell, assigned, franchised, commercially contracted.

Greater Capital

Expanding your business internationally with a trademark registered in India is a benefit.

 

Expansion

By getting a trademark registration you build goodwill and build trust in your customers.

 
 

Benefits of Partnership Firm

 
Various financial returns to the partners:

The working partner also receives remuneration in addition to the interest on capital and share of profit, as may be agreed by the partners

Pre-defined object or period:

A partnership can be formed within a specified period or to complete a specific project or object. Once the same is completed, the partnership will automatically stand dissolved.

Shared responsibilities:

The partners share the responsibility to work and manage the business together.

Operating flexibility:

There are no limitations or restrictions on the partners in regards to running the business, as long as it is covered under the signed agreement.

 
 

Why Partnership registration?

 

A partnership registration is one of the best option for small businesses that plans to remain small. it has Low costs, easy in setting up and minimal compliance requirements to make it a best option for such businesses. The registration is optional for General Partnerships. It is governed by Section 4 of the Partnership Act, 1932.

 

Minimum requirements for partnership registration

 
  • No fixed minimum capital requirement
  • Minimum 2 partners
 

Registration procedure of partnership firm

 

Step 1

In step first select an appropriate name for the firm.

 

Step 2

In step second the applicant has to file an application I form 1 of partnership firm registration.

Step 3

In step third partnership deed is prepared with the consent of all the partners on the stamp paper. Partnership deed includes-

  • Capital contribution made by all partners.
  • Shares/Interest of all the partners.
  • Other clauses made with mutual consent of all the partners.
  • Details of the partners and firm such as their name, address, qualification, etc.
  • Nature of the firm or business activities involved.
  • Circumstances or process that would be followed in case of death or retirement of any designated partner.
  • Profit/loss sharing ratio among all the partners.
  • Details of loans provided by the partners.
  • Rights, duties, salaries, commissions, or payable amount of the partners.

 

Step 4

In Step fourth submit all the perquisite documents along with the partnership deed you have prepared.

 

Step 5

In step fifth after the submission verification of documents and issuance of registration certificate.

 

 

Advantages and disadvantages of partnership firm registration

 
Advantages of partnership firm registration are as follows:
  • Easy in decision making
  • Easy management without any disputes
  • Easiest business structure
  • Raising funds
Disadvantages of the partnership firm registration are as follows:
  • Abrupt dissolution
  • Unlimited liabilities
  • Maximum number of members
  • Less trustworthy for the general public
 
 

Rs.1,999/-

Standard

  • Draft & Execute Partnership Deed
  • Obtain Firm PAN & TAN
  •  
  •  
  •  

Rs.4,499/-

Business

  • Draft & Execute Partnership Deed
  • Obtain Firm PAN & TAN
  • GST Registration
  • MSME Registration
  •  

Rs.6,999/-

Premium

  • Draft & Execute Partnership Deed
  • Obtain Firm PAN & TAN
  • GST Registration
  • MSME Registration
  • GST Return 3 months
 

FAQ

 

Minimum 2 partners and maximum partners can be 200.

Yes, but only after he has been assigned with DIN/DPIN.

The partners residing in India can only become the partners in a partnership firm.

Once the partnership deed is notarized you can apply for the partnership firm.

There is no limit on the minimum capital for starting a partnership firm.

Partnership firms are registered by the registrar of firms.

No, its not required for partnership firm to prepare audited financial statements each year.

You can register a Partnership firm just by following the steps mentioned below:
  • Visit Legaltax Website
  • Fill up a simple form on our website providing basic information about proprietor and business to get
  • Partnership Deed
  • Get this Deed printed on Stamp paper of specific value and get it registered with the help of any nearby Advocate/Registrar.

Indian partnership act 1932 governs the partnership firms in India.

Please refer the procedure mentioned in above section for partnership firm online registration.

  • No fixed minimum capital requirement
  • Minimum 2 partners

  • Capital contribution made by all partners.
  • Shares/Interest of all the partners.
  • Other clauses made with mutual consent of all the partners.
  • Details of the partners and firm such as their name, address, qualification, etc.
  • Nature of the firm or business activities involved.
  • Circumstances or process that would be followed in case of death or retirement of any designated partner.
  • Profit/loss sharing ratio among all the partners.
  • Details of loans provided by the partners.
  • Rights, duties, salaries, commissions, or payable amount of the partners.

  • Easy in decision making
  • Easy management without any disputes
  • Easiest business structure
  • Raising funds

  • Abrupt dissolution
  • Unlimited liabilities
  • Maximum number of members
  • Less trustworthy for the general public
    • Partners address proof
    • Rent agreement
    • PAN card
    • Business address proof

  • Abrupt dissolution
  • Unlimited liabilities
  • Maximum number of members
  • Less trustworthy for the general public
    • Audit not required
    • Easy to establish
    • Relatively Inexpensive
    • Minimal compliances

    • Partnership registration is inexpensive as compared to LLP.
    • It has minimum compliance requirement.
    • Partnership registration is very easy.

  • Complete our partnership form:
  • Verification of documents:
  • Partnership deed drafting :
  • Apply for TAN & PAN:
  • A partnership firm is a well-recognized business structure formed with mutual consent of all the partners for a profitable purpose. Partnership firm represents a business entity that is formed with a purpose of making a profit from the business.
  • Two or more parties come together with a formal agreement (known as Partnership Deed) to own and manage the business.
  • Partnership firms are not separate legal entity while the partners are. A partnership firm cannot be debtor or creditor and cannot own a property .The property, debit or credit of a partnership firm is actually for the partners in the eyes of law
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