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Partnership Firm Registration
Partnership Firm Registration is a formal process of legally establishing a partnership business entity in India. It involves the creation of a partnership deed that outlines the roles, responsibilities, and profit-sharing ratios among partners. This deed, along with other necessary documents, is submitted to the Registrar of Firms for approval. Registering a partnership firm not only provides legal recognition but also helps in securing the firm’s operations and protecting the interests of the partners. It’s an essential step for those looking to collaboratively run a business with shared management and ownership
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Benefits of Partnership Firm Registration
- Legal Recognition: The firm gains a formal legal identity, making it easier to enforce agreements and contracts.
- Business Credibility: Registration can enhance the firm's reputation and credibility with clients, suppliers, and financial institutions.
- Profit Sharing: Clear guidelines on profit-sharing can prevent disputes among partners.
- Proof of Business: The registration certificate serves as proof of your business existence, which can be useful for various purposes, such as applying for loans, licenses, and tenders.
- Operational Flexibility: Partners have the freedom to manage and operate the business with fewer compliance requirements compared to other business structures.
- Resource Pooling: Combining resources, skills, and expertise of multiple partners can lead to better business outcomes.
- Tax Benefits: Registered partnership firms are eligible for certain tax benefits and deductions.
- Dispute Resolution: Legal backing provides a framework for resolving disputes and ensures protection of partners' interests.
How to Register your Partnership Firm with Us?
Registering for Partnership firm with us is simple and easy. Just follow these steps:
- Step 1: Fill up our online enquiry form with your basic details such as name, email, phone number.
- Step 2: Complete the payment online or you can Contact Us to get more information.
- Step 3: You will need to provide us with the necessary documents for Partnership firm registration. You can send them via email info@taxdoctorconsultant.com or WhatsApp: +91-9953179605
How We Can Help You
- Professional service: We have a dedicated team of qualified and experienced professionals who will handle your Proprietorship registration with utmost care and accuracy.
- Affordable fee: We charge a reasonable fee for our Proprietorship registration service, which is inclusive of all taxes and charges. There are no hidden or extra costs involved.
- Fast turnaround: We complete your Proprietorship registration within few days, depending on the availability of documents and verification by the tax authorities.
- Expert support: We provide 24x7 days expert support via phone, email, and chat. You can reach out to us anytime for any query or issue related to your Proprietorship registration.
List of Documents Required for Partnership Firm Registration
- Partnership Deed: This document outlines the rights and duties of the partners and the firm. It's usually prepared on a judicial stamp paper and signed by all partners
- PAN Card of the Firm: You need to apply for a PAN for the firm using Form 49A
- Address Proof of the Firm: If the office is rented, submit the rent agreement and a utility bill (electricity, water, etc.) along with a NOC from the landlord. If the office is owned by a partner, submit a utility bill and a NOC from the owner.
- Documents of Partners: PAN card of all partners and their government authorized address proof (Voter ID, driving license, Aadhaar card, passport or utility bill)
FAQ's on Partnership Firm Registration
A minimum of 2 members and a maximum of 20 partners are required.
An individual who is an Indian citizen and a resident of India can be a partner. Non-resident Indians and individuals of Indian origin can invest with government approval.
There is no minimum capital requirement for starting a partnership firm.
Not necessary to prepare audited financial statements annually, but a tax audit may be required based on turnover.
PAN card of the firm, address proof of the firm, PAN cards of partners, partnership deed, and address proof of partners.