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Package Inclusions:

  1. Drafting of Partnership Deed

  2.  Notary and Stamping of Partnership Deed

  3.  Filling of Partnership Firm Registration Form

  4.  Filling of PAN application for Partnership Firm

₹ The easiest type of business structure where two or more people come together to share profits in an agreed ratio. Register the Partnership Firm with the most trusted Experts.

  • Complete solution for starting a Nidhi Company, including incorporation of limited company, issue of shares and obtaining Nidhi status.

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Overview

Partnership is a group of people who come together to start something as a team for the purpose of managing a business enterprise and sharing its profits or losses. A partnership can be between a minimum of two people or more where people come together to pool skills, resources, and money. The profit and loss faced by a Partnership Firm is divided between the partners of the firm as per mutually agreed Partnership Deed.

In the Partnership each partner has full power to act for the firm in carrying on its business thus, partners act as proprietors and also as agents of other partners. Each partner is individually liable to third persons for the obligations incurred for the firm but is also equally liable for obligations incurred by other partners when they are acting within the scope of the firm’s business.

Unlike Companies, a Partnership Firm does not have a legal entity separate and apart from its partners. Therefore earnings of the partnership is taxed as personal earnings of the partners. Partnership Firm does not have perpetual existence which means the death of all partners will result in dissolution of partnership. Agreement is most essential thing for starting business in partnership which will help partners to get a decision for any circumstance that may arise in future. In India, partnership is not necessarily required to be registered, however to enforce its rights, the Partnership Firm must be required to be registered.

Complykart is the Industry leader and trusted Company in Registration and managing hundreds of Companies across India. With a team of expert professionals, we offer exceptional services in minimum time. Get a free consultation for Partnership Firm registration and business setup in India by scheduling an appointment with our expert professionals.

Advantages of partnership

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Easy to Start & Manage

It is very easy to start and manage as a Partnership Firm is not required to get itself registered mandatorily. Also, since the terms are defined in agreement it is easy to manage a Partnership.

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Sharing of the responsibility

The responsibility is shared by all partners as per the agreement. Other than the profit and the loss, the duties & authorities are also divided between the different partners.

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Easy Name availability

Since a Partnership Frim is not required to be registered as a Company, it can use any business name of its choice unless it applies for Trademark.

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Not Audit required

Generally Audit is not required for a Partnership Firm unless it crosses certain threshold. Also, Annual return is not required to be filed with the registrar of firms as is required for a LLP.

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Partnership Deed

A Partnership Firm runs on the basis of a written agreement between partners which is called as Partnership Deed where all the roles and responsibilities of Partners are clearly mentioned and registered with registrar of firms.

Process of registration for partnership

  • 1

    The Partners are required to finalise the terms between them like the profitability ration and other important points which is to be entered into the Partnership Deed.

  • 2

    The application form of the partnership is filled in prescribed form with the regional Registrar of Firms with prescribed Fees.

  • 3

    After submitting the documents and payment of the registration fee, the Registrar issues a Certificate of Incorporation.

  • 4

    Once the Certificate of Registration is issues by the Registrar, one must apply for the PAN of Partnership Firm.

Documents required

PAN Card of all the Partners

  • PAN Card of all the Partners
  • Identity Proof and Address Proof of all Partners
  • Address Proof of Partnership Firm
  • Certified True Copy of Partnership Deed
  • Authorized Letter, authorizing a partner as authorized signatory
  • Application for Registration of Partnership in Form No. 1
  • Attested affidavit

Compare your Options

Comparison of Popular Company Registration Options

All Features

Price

  • Recommended for
  • Venture Capital Funding
  • Limited Liability Protection
  • Dividend Tax
  • Deposits from public
  • Share Listing in Stock Exchange
  • Credibility

Public Limited

₹37899

  • Growth Stage and also for early stage with broad business vision
  • 10/10

Private Limited

₹12999

  • Early-stage entrepreneurs with broad business vision
  • 7/10

Limited Liability Partnership

₹7999

  • Professional service firms
  • 5/10

Why ComplyKart

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