Partnership Firm Registration in India
Are you a group of similar-thinking people that want to start a business together? Do you wish to register a business entity that protects all your interests collectively and appeal to every partner perfectly? The best option that we, an experienced and skilled company for partnership firm registration in India, can offer you is a partnership firm. It is not only simple and easy to incept but also exceptionally supporting to all the partners as per their investments. With extremely less paperwork and with a minimum of two and a maximum of twenty members. Aspiring entrepreneurs can begin their business registering with the Registrar of Partnership Firms right away.
By the nature of the registration, partnership firm is not considered a separate legal entity and hence the liabilities of the firm are the liabilities of the partners. The ownership of the firm cannot be transferred to a nominee when a partner is non-existent or on his/her expiry. In Maharashtra, the application must be done online which is not mandatory for other states.
If you need stress-free partnership firm registration in India, Startuppandits is the best option.
Partnership Firm – What Does It Mean to You?
A partnership is a written formal arrangement between two or more persons termed as partners to incept, manage and operate a business and share its profits as per their investment and/or agreed percentages. It is one of the most effective and easiest forms of business registration for people looking for extensive flexibility of operations for their business functions.
The Basic Requirements to Start
Select Any Name: As your business is not getting registered with any government authority or department, you can choose any name for it as you please.
Partnership Deed: You must have a partnership deed constructed clearly in agreement between all involved parties stating all the details of the deed’s terms and conditions.
Shop Act or GSTIN and Current Account: You must register with Shop Act or NOC is mandatory. In you are not keen with it, having a GSTIN and a Current Account is a must.
- PAN card of Partners
- Address Proof of Partners(Passbook, Utility Bills etc.)
- Identity Proof of Partners (For example voting card, Licence, Passport)
- One Color Photograph of Partners
- Office Address Proof
- Minimum Two Partners
- The Partners and shareholders can be the same person
- No minimum capital required
What You Get ?
- Partnership Deed
- Company PAN
- Current Bank Account Opening Assistance
Advantages of a Partnership Firm
Easy to Organize
Like sole proprietorships, partnership businesses can be formed easily without any mandatory legal formalities. It is not necessary to register a firm. But in some states like Maharashtra Partnership Firm registration is compulsory.
A business of a partnership firm is very well managed by all the partners as they take interest in the daily affairs of business because of the ownership, profit, and control.
Benefits of Profit
Since all partners are owners of the business, they can manage activities of their own. Profit is equally shared
Raising of Funds
A Partnership Firm can easily raise funds as compared to the sole proprietorship. Even Banks also provides credits facilities.
Why Choose Us – the Best Partnership Registration in India
Delivering some of the best services to clients needing partnership registration in India, we have been working hard to ensure that our service propositions are top-notch and affordable. We know that most of our clients have no knowledge about the processes and legalities involved with registering a partnership firm and they need all-inclusive services to help them. Having understood this over the course our business, we have been creating impeccable and value-adding services propositions as needed by our clients regardless of the business vertical they are planning to operate at or the scope of their business. There is no doubt that partnership registration in India is a challenging task as one needs to go through the right channel to carry out the process hassle-free and without any problems. Having realized this, we have given shape to some of the best service options for our clients capable of meeting all the challenges prevailing in the vertical when it comes to partnership registration in India.
Over the years, as one of the most reliable and trusted names in the industry, we have helped a myriad of clients get the most affordable, value-adding and bespoke services as they need. With an extremely trained team of qualified and experienced professionals, we are fortified with all the procedural understanding and insights to help our clients get their partnership registration in India in the shortest time possible.