Partnership Firm Registration

A Partnership Firm is a popular form of business constitution for businesses that are owned, managed and controlled by an Association of People for profit. Partnerships firms are relatively easy to start are is prevalent amongst small and medium sized businesses in the unorganized sectors. With the introduction of Limited Liability Partnerships in India, Partnership Firms are fast losing their prevalence due to the added advantages offered by Limited Liability Partnership.

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There are two types of Partnerships firms :

Registered Partnership Firm
Un-registered Partnership firm

Note : It is not compulsory to register a Partnership firm; however, it is advisable to register a Partnership firm due to the added advantages.

A Partnership is easy to form as no cumbersome legal formalities are involved. Its registration is also not essential. However, if the firm is not registered, it will be deprived of certain legal benefits. The Registrar of Firms is responsible for registering partnership firms.

Benefits

Easy to start
Separate legal entity
Easy to transfer ownership

Partnership Deed, PAN, TAN

Documents Required

Partners

Minimum Two Nos

Passport Size Photographs

Passport size colour photographs of directors

ID Proof Of Partners

Driving Licenses, Voter ID, Passport etc

Address Proof Passbook, Etc

Utility Bill (Electricity, water etc), Bank

Proof Of Registered Office

Rent/lease agreement copy-NOC from land load if the property is rent- Utility bill (Electricity, water etc) of the property

Objective Of The Company

Details of the objective of the company

Profit Share Pattern

Shareholding patterns

How to register a company

Preparer Partnership deed

Approval by the Partners

Purchase stamp paper and notarise the deed

Apply for PAN and TAN

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Anywhere in India
Easy documentation
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