Solution Point of Your Business Contacts

Partnership Firm Registration

A firm or company established between two or more partners with the goal of earning profit is called as a Partnership Firm.It is not compulsory to register a partnership firm but there are added advantages if a partnership firm is registered.Partnership deed is the legal document which is created to form a partnership firm.

. WHY Partnership Firm Registration .

Ease of formation

As compare to Private Limited Registration or OPC Company Registration, Partnership Firm Registration is quite easy. You have to just draft Partnership Deed and get it register with Registrar of Partnership Firm.

Risk sharing

In the partnership firm Registration the risk is equally distributed among all the partners. Only a single person will not be liable for the act of others. Liability will create as per terms and conditions of Partnership Deed.

No need to statuary audit

There is no mandatory requirement of the audit in the partnership firm like Private Limited Company or OPC. However, the need of audit may occur in case of the turnover of Partnership Firm goes beyond a certain limit.

Flexible Operation

it is easy to operate a Partnership Firm due to non requisition of any kind of compliance as in Private Limited Company or OPC Registration. Partnership Firm do not require to communicate their business to Registrar.

Easy Closer

The closure procedure of a Partnership Firm in India is quite easy, however in case of registered Partnership Firm, partners have to close it with the Registrar of Firm after complying small formalities.

Can file a case

A registered Partnership Firm can sue people or other person in case of any breach of contracts or misconduct occurred. It is to be noted that an unregistered Partnership Firm can not sue or to be sued by any person.

. DOCUMENTS .

For Partners
  • Copy of Adhaar Card
  • Copy of PAN Card or
  • Passport or Driving License
  • Photo of Partners
For office Premise
  • Copy of Electricity Bill or
  • Copy of Water Bill
  • NOC from owner or
  • Rent Agreement
  • Copy of Adhaar Card
  • Copy of PAN Card
  • Electricity Bill of Office
  • Photo of Partners
  • Minimum 2 person required
  • PF can be registered or unregistered
  • Id and address proof must be self attested
  • object of business must be valid
. Work Process .

It became easy, just follow these steps to get your work done

Register Yourself
Put information about you and services
Select service & make payment
Make payment and get your
order id for tracking purpose
Submit documents
Submit all necessary document and info
Get your work done
Congratulations!
Service has been delivered.

. Pricing Plan .

Basic
Rs 3599 2599
  • Draft Agreement
  • PAN Registration
  • TAN Registration
  • Lawyers Assistance
Standard
Rs 4599 3599
  • Draft Agreement
  • PAN Registration
  • TAN Registration
  • Lawyers Assistance
  • GST Registration
Advanced
Rs 11599 9599
  • Draft Agreement
  • PAN Registration
  • TAN Registration
  • Lawyers Assistance
  • GST Registration
  • MSME
  • TM Search
  • TM Registration

. Frequently Asked Questions .

Ans:

There is no provision under the partnership Act, 1932 which mandates the registration of partnership. However, the act itself provides for the procedure of registration of firm. Thus the registration is optional but highly recommended, as an unregistered firm shall not be able to recover any money in excess of INR 100/-. Apart from the above legal impediment, from the practical point of view also the firm should get registered in order to bring certainty in the relationship of partners and the firm per se.

Ans:

Three elements are necessary to form a partnership: 1. There must be an agreement between two or more persons. 2. The agreement must be to share the profits of the business. 3. All partners together, or any one, on behalf of the others must carry on the business.

Ans:

The Partnership Act does not prohibit a non-citizen from joining an Indian partnership firm, subject to necessary clearances and permissions from satisfactory authorities in this regard.

Ans:

Partners must be major (above the age of 18), should be sane and should not be disqualified by law from entering into a contract.