Partnership Firm

Rs. 2999/- (All inclusive)

Partnership Deed

Stamp and Notary of the Deed

PAN


Introduction

What is Partnership Firm?

The Partnership is the most common form of business organization in India; a partnership is a specific kind of legal relationship formed by the agreement between two or more individuals to carry on a business as co-owners. A partnership is a business with multiple owners, each of whom has invested in the business.

Partnership firms are relatively easy to start, operate with very minimal regulatory compliances and prevalent amongst small and medium sized businesses in the unorganized sectors.
After the introduction of Limited Liability Partnerships (‘LLPs’) in India, Partnership Firms are fast losing their prevalence due to features of both Company and Partnership offered by a Limited Liability Partnership.

What Makes a Partnership Firm So Unique?

Easy to form

As registration of partnership firm is not mandatory, it is easy to start. You just need to prepare a partnership deed.

Easy to Manage

As in Partnership there are two or more members, the responsibility and expenses get shared and therefore it becomes easy to manage, control and run the business.

Minimal Annual Compliance

Unlike company or LLP’s, Partenership firm is not required to get registered, therefore no such annual compliance are to be followed except filing of income tax returns.

Procedure

There are two types of Partnership firms, Registered and Un-Registered Partnership firm. It is not mandatory to register a Partnership firm; however, it is advisable to register a Partnership firm, as it enjoys additional advantages. Partnership firms are created by drafting and executing a Partnership deed amongst the Partners and Compliance Advisor can help start a registered or un-registered Partnership firm in India.

Steps

  1. Fill our Information Requisition Form (“IRF”)
  2. Document Submission
  3. Drafting of Deed of Partnership
  4. Stamping and Signing of Deed of Partnership
  5. Applying of Registration and PAN Card of Firm
  6. Work Completion

Documents Required

  Self Attested copy of Identity Proof of all the Partners- PAN for Indian Nationals and Notarized Passport for Foreign
   Nationals.

  Self Attested copy of Address Proof of all the Partners- Voter Id/ Driving License/ Passport/ Aadhar Card (any One).

   Municipal Registered Deed/ Electricity Bill/ House Tax Paid Receipt of the Registered Office (if owned) Agreement
    & NOC is also required in case property is not owned.

  Bank Statement/ First Page of Pass Book/ Printed Cancelled Cheque is required for Bank Account proof which
   contain Account No & IFSC Code.


  Required Business Name.

What we can do

We at Compliance Advisor is providing registration and Compliances services in India, offering registrations of Limited Liability Partnerships (“LLPs”), Partnerships, Private Limited Company, Public Limited Company, one person company (“OPCs”), Nidhi Company, Section 8 Company, Producer Company and Indian Subsidiary of a Foreign entity.

Average 10-15 working days required to complete a Incorporation, subject to submission of complete documents by the client and the government processing time.
For any query related to OPC Incorporations and business formation in India, get free advice by scheduling an appointment with a Compliance Advisor.

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