Partnership Firm Registration

INR 2,999 /- Exclusive of GST, No hidden Charges

Free ConsultancyApplication for Pan Card
Partnership Deed

 

Partnership Firm Registration

7,999
  • No Govt.Fees
  • Partnership Registration in just 8-10 Days

What is partnership firm?

A partnership firm is a form of business entity where two or more partners come together to do business through mutually agreed upon terms. The agreements of these terms are specified in the partnership deed. Only after the partnership deed is accepted by the partnership registry, the partnership firm registration is complete.

How is a partnership firm registered?

The formation of a partnership firm requires the following 7 simple steps:

  1. Choose a name for your partnership.
  2. Create a partnership deed with the assistance of our experts
  3. Get a printout of the partnership deed on a stamp paper and get it signed by your partners.
  4. Send us a scanned copy of the deed and get the acknowledgement.
  5. Fill the partnership firm registration application form with your personal and business details, and submit it to the Partnership registry along with the partnership deed.
  6. We will apply for PAN and TAN of the partnership on your behalf.
  7. Wait for a bit and get Partnership Firm PAN card for your firm.

You need not move from your home to get the job done as it is now an online partnership firm registration process.

Features of a partnership firm

Following are the features that you have to look forward to if you are applying for partnership firm registration in India:

  1. There is a minimum of two partners
  2. The partners may or may not share the responsibilities of the business.
  3. Through partnership, you can bring more capital into the business.
  4. Risk is shared in a partnership form
  5. Annual returns are not necessary to submit
  6. It is unlimited liability business entity.

The process of partnership firm name registration is not an easy one. Therefore, the experts of Abgps Advisory  help you in any way necessary. Through our partnership registration facilities, you can start your business as a partnership firm in no time.

Documents required for partnership Firm registration

Following are the documents required for partnership firm registration in India:

  • Application for partnership firm registration in the prescribed Form – I.
  • Duly filled Specimen of Affidavit.
  • Certified copy of the Partnership deed on appropriate non-judicial stamp paper.
  • Proof of ownership of the place of business or the rental/lease agreement thereof.
  • Affix court fee stamp & payment of prescribed fee for registration by demand draft.

Required Documents for Partnership Firm Registration

For Unregistered Partnership Firm

A Partnership deed is formed on a suitable non-judicial stamp paper duly signed by each member of the firm. The same is required to be notarized by the notary and from that date Partnership Firm deemed to be registered.

For Registered Partnership Firm

  • Application for Registration in the prescribed Form – I.
  • Duly filled Specimen of Affidavit.
  • Certified copy of the Partnership deed on appropriate non-judicial stamp paper.
  • Proof of ownership of the place of business or the rental/lease agreement thereof.
  • Affix court fee stamp & payment of prescribed fee for registration by demand draft.
Step 1
Basic Information
1-2 Days
 
Step 2
Draft of Partnership Deed
3-4 Days
 
Step 3
Review & Changes
5 to 7 Days
 
Step 4
Final Deed & Application of PAN Card
8 to 10 Days

When registrar of firms issues the certificate of registration?

Once the Registrar of Firms is satisfied that the application procedure has been duly complied with, he shall record an entry of the statement in the Register of Firms and issue a Certificate of Registration.

Crietria for audit of a partnership firm?

A partnership firm is not required to get statutory audit of their accounts. However tax audit is required is turnover is more than the limit prescribed.

Who can become a partner in a partnership firm?

Any person who is an Indian citizen and a Resident of India can become partner in a partnership firm. However Non-Resident Indians can only invest in a partnership with after obtaining prior approval of the Government.

How much minimum capital required starting a partnership?

Any person who is an Indian citizen and a Resident of India can become partner in a partnership firm. However Non-Resident Indians can only invest in a partnership with after obtaining prior approval of the Government.

Who will registrar a partnership firm?

Any person who is an Indian citizen and a Resident of India can become partner in a partnership firm. However Non-Resident Indians can only invest in a partnership with after obtaining prior approval of the Government.

Is the partnership firm is a sepreate legal entity?

Any person who is an Indian citizen and a Resident of India can become partner in a partnership firm. However Non-Resident Indians can only invest in a partnership with after obtaining prior approval of the Government.

Can a partner transfer its ownership interest in the firm?

Any person who is an Indian citizen and a Resident of India can become partner in a partnership firm. However Non-Resident Indians can only invest in a partnership with after obtaining prior approval of the Government.

Can an existing partnership firm be converted into a company or a LLP?

Yes, an existing partnership firm can converted into a company or LLP.

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