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Partnership firm registration is the process of legally registering a partnership firm under the provisions of the Partnership Act. This registration is optional, but it is highly recommended for the smooth functioning of the partnership firm. The process of partnership firm registration in bangalore involves obtaining a unique registration number and executing a partnership deed that defines the terms and conditions of the partnership.
Partnership firms are created with the help of a registered deed in India. It is necessary to register the partnership firm in order to claim any benefits or file a case against partners/ third parties. Bizpole provides reliable services to start a partnership firm in India.
Fewer Compliances: A registered partnership firm is easier to set up. It also requires less compliance as compared to other business structures like a private limited company. There are also fewer legal formalities that you need to fulfil to remain compliant with the business laws.
Quick Decision:A partnership firm is managed and owned by a group of partners who have equal rights in the decision-making process. This allows decisions to be made quickly without requiring approvals from the board members or shareholders. As a result, business ideas can be implemented fast.
Sharing of Profits and Losses: In the case of a registered partnership firm, profit and loss are shared among the partners in the proposition agreed upon by them. This maintains a sense of transparency among the partners. The financial burden is also shared uniformly.
Here are the major reasons why people prefer Partnership Firm:
Here’s everything you need to know:
Maximum partners is 20
Address Proof for Registered office of the Partnership Firm in India
Original Deed signed by all Partners
You would need scanned copies of:
Application for registration of partnership
Certified original copy of partnership deed
Specimen of an affidavit certifying that all the details mentioned in the partnership deed and documents are correct
PAN card and address proof of the partners
Proof of principal place of business of the firm
Step 1: Collection of Partners and reg office docs
Step 2: Draft Partnership Deed
Step 3: Registering deed with Government
Bizpole is undoubtedly one of the best companies for partnership firm registration in bangalore. The company has been offering impeccable service for quite a while now. By opting for the services offered by Bizpole, you will face no difficulty in taking your company to the peak of success. You will also not experience any trouble in dealing with the laws and regulations of the country.
The cost of forming a partnership firm can vary depending on several factors such as the state in which the firm is registered, the fees charged by the Registrar of Firms, and the cost of drafting partnership deeds.
In bangalore, there are two types of partnership firm registration - registered partnership firms and unregistered partnership firms.
There is no minimum capital requirement for forming a partnership firm. Partners can contribute any amount of capital they deem necessary for the business.
The duration of a partnership firm can be determined by the partners in the partnership deed. It can be a fixed period or an indefinite period.
A partnership firm is important because it allows two or more individuals to come together and pool their resources and expertise to start a business.
Avizakta Enterprises
Thank you so much Bizpole Team for all the support and assistance in getting a trademark for my Cakeshop. I would recommend Bizpole to anyone without any doubt.
Malayanma Vision
I had great service with Bizpole,Thanks for helping out with the registration. They have Affordable Prices and Great Customer Support. Truly a One Stop Solution for Business.
Spice Producer Company
I had zero knowledge of procedures or the legal parts of LLP. Consulting Bizpole was one of the best decisions I took. From incorporation to IT filing operation, they helped me out with everything. I am thoroughly satisfied with their service.
Bizgate
I consulted Bizpole for the registration of a trademark. Not only did I get it within a week, but they also made me feel special with their services. Special kudos to the Kochi team for the amenity which was shown towards me.
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