Partnership Registration

Looking to enter into a business in form of a Partnership?

Have a look at our interactive guide on choosing a Partnership firm  as a form of your business. Know what are the pros & cons of each of them & what compliances you would need to meet.

Once settled, you can always choose a package from down here or if your requirement does not suit our package, you can directly contact us & we will make a customized package for you

Partnership firm

Registration

Includes:

Registration of Deed

PAN & TAN

Price: 6500

Partnership firm

Registration

Registration of Deed

PAN & TAN

GST Registration

Price: 7500

Documents Required for Partnership firm Registration

  • PAN (Permanent Account Number) of all proposed directors / Share Holders.
  • Address Proof (Voter Id, Passport, Driving License, Aadhar Card) of all proposed Directors / Share Holders.
  • Additional Address proof all directors / promoters with Present address Mobile bill OR Telephone bill OR Electricity bill OR Bank Statement.
  • Latest passport size Photographs of all directors / Share Holders.
  • Registered Office Address Proof – Electricity Bill along with Rent Agreement OR Ownership proof OR NOC.

You might also be interested in

How to deal with the 20% restriction on availment of Input Tax Credit

The recent notification followed by a circular issued on 11 November 2019 states regarding restriction on availment of ITC. The ITC... read more

How to reduce taxes on salary

Introduction The salaried employees are always in a frenzy about taxes and plans out ways to save it. The allowances and... read more

Are doctors required to register under GST?

The health care sector is one of the biggest sectors in India, is regulated by the Indian Medical Association... read more

Changes in ITR-1 form for FY 18-19

Recently Income Tax Department came with the changes in Form 16 issued by employer along with changes in TDS... read more

What is Form 16?

Form 16 is a certificate from the employer that has details of salary paid to an employee and tax... read more

Which ITR Form to use for Assessment year 2019-20

CBDT has already released new ITR Forms. One can file the ITR now. While, Individuals are due to file their ITR... read more

Income Tax Implication on Futures & options (F&O) transactions & Intra-day trading

This article is about how trading in derivatives(F&O) and intra-day trading is to be treated under the Income tax. We... read more

Companies having share capital to declare commencement of business

All Companies having share capital registered on or after 02nd November 2018, are required to declare commencement of business... read more

Process Involved

Documentation

Requestor provides the required documents
10%

Choosing the name

Names are proposed and accepted name is chosen
20%

Partnership deed drafting

Partnership deed will be drafted and sent to client for approval
40%

Partnership Deed Signing

After approval client would sign the deed
60%

Registering partnership deed

Signed deed will be sent to registrar of firms for registration
80%

Issue of RC

Registrar will approve & issue the RC
100%

FAQ

A minimum of two Persons is required to start a Partnership firm. A maximum number of 20 Partners are allowed in a Partnership firm.

A partnership firm can be started with any amount of capital. There is no minimum or maximum limit.

1. The names must not be too identical or similar to the name of another existing firm doing similar business so as to lead to confusion.

2. The name must not contain words like Crown, Emperor, Empress, Empire or words expressing or implying the sanction, approval or patronage of Govt.

1. Easy to start : A Partnership is easy to form as no cumbersome legal formalities are involved. Its registration is also not essential. However, if the firm is not registered, it will be deprived of certain legal benefits. The Registrar of Firms is responsible for registering partnership firms.

2. Flexible Business name : Since the name of a Partnership firm is not registered, a Partnership firm can choose to have any name – as long as it does not infringe on a registered trademark. However, since the name is not registered, any other person can also use the same business name unless trademark registration is obtained.

3. Less compliance: A Partnership firm is not required to file its annual accounts with the Registrar each year unlike a Limited Liability Partnership or Company.

Submit a query
close slider