Partnership Firm registration
- Expert assisted
- Quick process
- Affordable price
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A partnership firm is governed by The Indian partnership Act,1932,A partnership firm is where two or more persons come together to start a business and a partnership firm easy to start with less cmpliances compare as compared to companies and a partnership must be in a form of agreement between two are more persons.
Requirments of Partneship Firm
- Partneship Deed
- Name of the Partnership Firm
- Minimum two Members/Partners
- Business address
- Aadhar card of the Partners
- PAN Card of the Partners
- Copy Utility bill of office adrees ( Electricity biil/Property tax receipt/ Telephone bill)
- Clauses of Pofit ratio between partners
Benefits of Partnership firm
- Less Compliance
- Easy to form
- Audit not required
- Easu to manage
- Inexpensive compare to Company
Procedure for Partnership firm Registration
- Fill our form
- Send required documemts
- Our experts drft Partnership Deed
- we will fill for registration
- Registration is completed
Frequently asked questions
What is Partnership Firm ?
A Patnership firm is a business stucture whee two or more persons can start their business and operate as per terms and objectives setout in their Partnership Deed.
How many partners are requiered to form aPartnership firm ?
To start a partnership firm minimum 2 partners are required and maximum can be 20 but the maximum partners are limited to 10 in banking business.
How partners will get their shares ?
The partners will get their shares of pofits and loss according setout in their Partnership Firm Deed.
Is registration of Partnership Deed mandatory ?
Yes, according to law registration of Partnership Deed is mandatory.
Who can become partners in Partnership firm ?
Only residents of India can become partnes in partnership firm. foreign nationals can not become partners in Partnership firm but they can start business by registering Private Limited company.
Is partnership firm separate business entity ?
The partners in Partnership firm are owners therefore the partnership firm is not a separate legal Business entity and any legal issues,loss,profits incurred are equally esponsibility of all partners.