Partnership Firm

A partnership firm is a popular business structure for two or more individuals joining forces to operate a business with shared responsibilities and profits. Our Partnership Registration Services ensure a seamless process, enabling you to focus on building your business.

Why Choose Partnership Firm?

  1. Easy Formation: Minimal formalities and quick registration process.
  2. Shared Responsibility: Work with co-partners to share workload and decision-making.
  3. Flexibility: Simple regulations allow operational flexibility.
  4. Low Compliance: Less legal compliance compared to corporations.

Our Partnership Registration Services Include:

  1. Drafting Partnership Deed: Legal document defining roles, profit-sharing ratio, and terms of the partnership.
  2. PAN and TAN Application: Assist with tax-related registrations for your firm.
  3. GST Registration: Guidance on obtaining GST for tax compliance.
  4. Partnership Firm Registration: Register the firm with the Registrar of Firms.
  5. Bank Account Setup: Assistance in opening a current bank account.
  6. Compliance Support: Help with yearly filings and compliance updates.

Steps to Register a Partnership Firm:

  1. Partner Consultation: Understand your business needs and partner details.
  2. Draft Partnership Deed: Prepare the deed mentioning business terms, partner responsibilities, profit-sharing ratio, and more.
  3. Document Submission: Submit required documents, including proof of identity, address, and firm address.
  4. Registration Application: File the partnership deed and application with the Registrar of Firms.
  5. Firm Registration Certificate: Obtain the registration certificate once approved.
  6. Post-Registration Services: Help with PAN, GST, and other necessary registrations.

Required Documents for Partnership Registration:

  1. Partnership Deed
  2. Identity Proof of Partners (Aadhar Card, PAN Card)
  3. Address Proof of Partners (Driving License, Voter ID, Passport)
  4. Business Address Proof (Rent Agreement, Utility Bill, or Ownership Proof)

Benefits of Partnership Registration:

  • Legal Recognition: Protects the interests of the partners.
  • Tax Flexibility: Tailored tax options compared to sole proprietorships.
  • Financial Growth: Pooling resources helps in scaling operations.
  • Operational Simplicity: Few regulatory obligations and simple management structure.