PARTNERSHIP FIRM REGISTRATION
A partnership firm is an organization which is formed with two or more persons to run a business with a view to earn profit. Each member of such a group is known as partner and collectively known as partnership firm. These firms are governed by the Indian Partnership Act, 1932. A partnership is formed through written agreement. The minimum no required for formation of a partnership firm is two.
REASONS TO OPT FOR A PARTNERSHIP FIRM
Partnerships are formed by a private agreement between the partners, and don’t need to register their existence with the state like corporations or limited liability companies. Partnerships don’t require a written agreement, but it’s a good idea to have one, nonetheless.
Just as easy as it is to form a partnership, it’s simple to change or dissolve a partnership; all it takes is one partner giving notice of his express will to leave the partnership. (This may also be a detracting factor, depending on how you look at it.)
In case of Companies, annual Audit of accounts are a necessity. However, in case of Partnership Firms, audit of accounts is required to be conducted only if the turnover exceeds defined threshold limit.
when it comes to compliance relating to the Ministry of Corporate Affairs, Partnership Firms enjoys significant advantages.
DOCUMENTS REQUIRED FOR PARTNERSHIP REGISTRATION
Two Persons, Registered Office, Main Objects Of Business.
It Should Not Be Identical With Any Existed Business Name.
For all Partners
Aadhaar / passport / voter id / driving licence etc.
Latest bank statement / utility bill / telephone bill
Latest passport size photographs
Rent agreement and rent receipts, noc from landlord, latest utility bill.
What Our Partnership Registration Package Included?
Apply of PAN of Firm
Apply of TAN of Firm
GST Registration
PF ESIC Registration, If required.
Import Export Code, If required.
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