Partnership Firm Registration

Easiest & most suitable type of business entity which require minimum two people who come together to share profits in an agreed ratio

Starting at 2000/-

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About this Plan

Enterslice is India's leading platform which is mainly dealing in legal professional services. We have a team of expert professionals who can proceed for Partnership Firm Registration in a quick and hassle-free manner. In partnership firm, partners come together to carry out business for profits.

Services Covered

  • Finalize the name of the Partnership Firm
  • Drafting of Partnership Deed
  • Notary and Stamping of Partnership Deed
  • Partnership Firm registration with the authority
  • PAN application for Partnership Firm

Who should go for it?

If two or more persons are agreed to carry out business with the motive of earning profit they would have to apply for partnership firm registration. However, partnership firm registration is not mandatory but it is always advisable to go for it as it is a proof of existence and legality of the firm. In case of non-registration of a partnership firm, the partner will not be eligible to initiate any legal proceeding against the third party.

  • Collection of all the necessary details for partnership Firm registration
  • Drafting of Partnership Deed
  • Notary and Stamping of Partnership Deed
  • Filing of application form for partnership Firm registration with the registrar of the firm in the prescribed form (Form A)
  • Pay the necessary fees & stamp duties
  • After verification, Certificate of Incorporation will be issued by the authority

Documents Required

  • Notarized Partnership Deed
  • Specimen of Affidavit
  • In case of owned property, ownership documents
  • In case of rented property, rental agreement as a proof of principal place of business
  • Identity & address proof of all the proposed partners (PAN/ Aadhar Card/ Driving License/ Copy of voter ID/ Passport)
  • Application form for Partnership Firm registration
Frequently asked Questions
 

Q1. How many minimum partners are required to form a Partnership Firm in India?

For Partnership Firm registration in India, there is a requirement of a minimum of 2 partners and maximum 20.

 

Q2. How much capital is required for Partnership Firm registration in India?

Like company registration, no minimum capital is required for Partnership Firm registration in India.

 

Q3. Is Partnership Firm registration is mandatory?

No, Partnership Firm registration is not mandatory however it is advisable to apply for partnership firm registration in order to give the legal status to the firm. Without registration, the firm cannot claim for set off & file a case against the third party.

 

Q4. Can a foreigner become in Partnership Firm?

No, a foreigner cannot become a partner in a partnership firm. It can only be carried out by the person's residence in India.

 

Q5. What are the basic annual compliances need to be followed by the Partnership Firm in India?

In Partnership Firm, income tax return & GST return is mandatory along with this; partners will file their separate income tax return.

 

Q6. Can I convert my partnership firm into the company or LLP?

Yes, Partnership Firm can be converted into a company or LLP by filing the prescribed form with the authority.

 

Q7. For Partnership Firm registration, the application form is required to be submitted with which authority?

For Partnership Firm registration, the application form will be submitted with the registrar of firms under whose jurisdiction partnership firm is situated.

 

Q8. What are the post Partnership Firm registration requirements?

Prior to the handling of business activities, some necessary steps need to be taken to strive in the industry such as bank account opening, trademark registration, GST registration, drafting of legal documents, business plan etc. Enterslice can help you in fulfilling the post-registration requirements.

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