About Partnership firm Registration
A Partnership is a small business structure that is owned by two or more people for profit. Easy to start and most prevailing in the unorganized sector. With Introduction of Limited liability partnership Act. 2008 now people preferring to register their business As LLP. The partners have unlimited liability in the general partnership business; which means they are personally liable for the debts of the firm. It is not compulsory to register as a business firm with the registrar. You only need a partnership deed, PAN, and VAT / Service tax registration.
- Business Idea validation
- Partnership deed Drafting
- Stamp Fees
- Notary Exp
- PAN NO
Service Tax Extra on Professional Fees.
Advantage of Partnership Business
Easy to Start
Registration is not mandatory and so prepare a partnership deed and start business.
Partnership firm is not required to be registered, you can choose to have any name if it does not infringe on a registered trademark in the India. You should obtain trademark of business to protect your brand name.
East to manage
A General Partnership is most cost effective than an LLP/ Pvt Limited Company and there even minimal compliance requirements to manage business, general partnership is inexpensive.
From All Partners :
- PAN Card or Passport or Election ID Card
- Voter's ID/Passport/Driver's License
- Passport-sized photograph of all directors and shareholder
For Proposed Registered office (Residential or commercial)
- Proof of Registered office