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.

Package Inclusions:

 

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.

Business Name

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.

 

Documents required

From All Partners :

For Proposed Registered office (Residential or commercial)

Compare Your Options

Particular Partnership One Person Company Limited Liability partnership Private Limited Company Proprietorship
Recommended For Family business Small business and owned by a single promoter Professional service firms Early-stage entrepreneurs with broad business vision Small traders in un-organized sector
Venture capital Funding Not Possible Not Possible Not Possible Very easy Not Possible
Limited Liability Protection No Yes Yes Yes No
Dividend tax No No No Yes No
Perpetual Existence No Yes Yes Yes No
Statutory Compliance's Low High Low High Low
Credibility Low Low Medium High Low
Strategic Alliances and Joint venture No No No Yes No
Business Growth Low Low Medium High Low

Why Enterslice

  • 1Service Handled By 70+ Qualified Chartered Accountants And Company Secretaries.
  • 2100% Accuracy Guaranteed As Entire Process Managed By CA & CS.
  • 3Our Partner Of Firm Will Be In Direct Touch With You.
  • 4We Offer All Services For Startup From Registration Like Company, Vat And Legal And Assisting Startup In Fundraising.
  • 5We Are Among Top 25 Accounting And Tax Consulting Firms In India.
  • 6We Are Among Top 100 Innovative Fin-Tech Companies By The Red Herring Asia.

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