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Partnership Firm Registration Consultant

Are you seeking a Partnership Firm Registration Consultant? Have your partnership ready in just one day by connecting with our Partnership Registration Expert. Receive guidance on Partnership Deed drafting, rules, partner document requirements, creation processes, and firm compliance. Our Partnership Registration Service is available across India.

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Looking for Partnership Firm Formation?

Partnership Firm Registration

Any business operated and owned by two or more persons is referred to as a Partnership Business. Such a partnership is established through a mutual agreement known as a Partnership Deed, as per The Partnership Act, 1932. A partnership is essentially a collectively accepted entity where individuals come together to work collaboratively and share the earnings from a business. Each partner in the partnership has the ability to contribute to the business operations, and any one of them can make decisions on behalf of the entire firm. The individuals who own the partnership firm are called partners. Partners collectively determine the method of profit distribution and the ratio of sharing. A Partnership Firm can have a minimum of two partners and a maximum of twenty partners (with a maximum limit of ten for banking firms). The liability of a Partnership Firm is unlimited, making the partners personally liable for covering losses if the partnership exhausts its assets. The relationship between the firm and its partners is of a principal and agent in nature.

If you are looking for new Partnership Firm Registration anywhere in India, connect with us. We are India’s best Partnership Firm Registration Consultant offering CA/Lawyer consultancy services for Partnership Firm Registration

Partnership Firm Consultancy Package Rs. 4500

Our Package of Partnership Firm Registration Includes

  1. Partnership Deed Drafting
  2. PAN Card Application
  3. Stamp of Firm
  4. MSME Registration
  5. Bank Account Opening of Firm
Partnership Firm Registration Consultant

What are the Documents required for Partnership Firm Registration?

Following Documents of partners required for new partnership firm creation

  1. PAN Card of All Partner
  2. Aadhar Card of All Partner
  3. Photo of Partners
  4. Mobile Number
  5. Email
  6. Name of Partnership Firm, Scope of Activity and Location of Business
Documents Required for Partnership Registration

Who can be a Partner in Partnership Firm?

The following individuals and entities can become partners in a Partnership Firm:

  1. Individual Person: Age above 18 years
  2. Hindu Undivided Family (HUF) with the representative Karta.
  3. A Partnership Firm can be a partner in another partnership.
  4. A Company entity can be a partner in a partnership

Advantages of Partnership Firm Registration

Although nowadays the more recognized format of partnership is LLP, firms with a low compliance budget can opt for a normal partnership. The following are the benefits of partnership firm registration:

  1. Easy Formation Low-Cost Incorporation
  2. Tax Benefit on Remuneration to Partners
  3. Compliance is easy – only Income Tax Return Filing is mandatory
  4. Easy Dissolution/Winding up of the business

For hassle-free partnership firm registration and expert guidance, consider consulting a trusted Partnership Firm Registration Consultant. They can provide tailored advice and assistance to ensure smooth registration and compliance with legal requirements.

Partnership Firm Registration Process

Step 1: Analysis of term of mutual agreement of partnership

We will analyze partners mutual agreement to start the business, according to that we will draft the partnership deed. Also our representative will guide you documentation, rules and compliance of partnership firm.

Step 2: Partnership Deed Stamping & Notarization

On finalization of draft partnership deed, with your document we will do stamp duty (e-Stamp) and notarization process. after that, we will file an application for PAN Card.

Step 3: Get Ready Firm PAN and Bank Account

Then after, PAN Card will be available within short time, We will also provide you current account of partnership, MSME Registration. Our expert will be available for 24×7 support.

What are the Compliance required after Partnership Firm Registration?

Compliance for a partnership firm is easy and non-complex. The following are mandatory compliances:

  1. Maintaining Books of Accounts
  2. Filing of Income Tax Return (ITR)
  3. Any other filings applicable, such as PF, ESIC, GST, Professional Tax, etc.
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Frequently Asked Questions on Partnership Firm Consultancy

Yes, Partnership Firm can become Partner in another Partnership Firm, For the Formation process Partnership Firm needs to appoint authorized Person for Procedure.

Yes, We provide complete consultancy service of Partnership Registration Across All State in India, Which Includes Jammu and Kashmir, Himachal Pradesh, Punjab, Haryana, Uttarakhand, Rajasthan, Gujarat, Maharashtra, Madhya Pradesh, Chhattisgarh, Uttar Pradesh, Bihar, Jharkhand, West Bengal, Odisha, Sikkim, Assam, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Karnataka, Andhra Pradesh, Telangana, Tamil Nadu, and Kerala. Our Special Expert is Available in all major cities like Ahmedabad, Mumbai, Delhi, Bengaluru (Bangalore), Chennai, Kolkata, Hyderabad, Pune, Surat, Jaipur etc.