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Partnership firm

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Partnership Firms

Partnership Firm was a popular form of business constitution and it is more suitable either for small business or family run businesses.

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Partnership Firms

Partnership Firm was a popular form of business constitution for businesses under The Indian Partnership Act, 1932 and it is more suitable either for small business or family run businesses.  Partnership is “the relation between persons who have agreed to share the profits of business carried on by all or any of them acting for all”. It may be difficult to raise finance for partnership firms. In the partnership business, the partners have unlimited liability towards the debts of the firm.

Inclusions:

  • Partnership Deed Drafing
  • We will draft partnership deed for you
  • PAN registration
  • We will apply for your PAN with UTI / NSDL
  • Partnership deed registraiton
  • We will help you to register your partnership firm with Registrar of firms
  • Free Consulting with Chartered Accountant
  • Local / Tele consulting with a CA / CS for free for 1 Year
  • Identity Proof & Address Proof of all the partners
  • Proof of ownership of the place of business or the rental/lease agreement thereof
  • Easy Formation: Partnership registration is very easy. It can be formed without any legal formality. Thus they are simple and economical to form and operate.
  • Relatively Inexpensive: A Partnership registration is inexpensive as compared to limited liability partnership and it has minimum compliance requirement.
  • Audit not required: A Partnership is not required to file audited statements each year. However tax audit may be required if Turnover exceeds certain Prescribed limits.
  • Collect Documents Required for drafting
  • Drafting of Partnership deed
  • Getting signature from Partners in the deed
  • Apply for Partnership registration with Registrar of Partnership firms
  • Applying for PAN
  • Applying for TAN
  • Complete the process in 3 working days
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