Most entrepreneurs are familiar with the sort of business structure known as a partnership firm. All of the company's partners like this form of corporate structure when it comes to making a profit. Typically, a group of people known as partners run, oversee, and own the business with some of their own cash. Registered and non-registered partnership businesses are the two main sorts. Although registering a partnership business is not required in India, doing so is strongly advised. A registered partnership firm is entitled to a number of benefits that do not apply to unregistered businesses. According to the Partnership Act of 1932, a partnership registration of a business can be completed with relatively little paperwork, regulations, and procedures.

A partnership company is easy to form and compliance is minimal compared to corporations. The partnership company can be formed by two or more persons jointly.

Our team will assist you with the drafting of a professional partnership deed, execution, opening a bank account and the required business registration.

We provide the following services –

• Registration of the partnership firm
• Reconstitution/amendments to the firm
• Dissolution of partnership firm
• File Income Tax returns for the firm and its partners
• Tax consultation, both Income Tax and GST

We are able to provide with partnership firm registration. If you want our assistance in to launch a partnership business, please email ca.malluby@gmail.com or call us @ +91 9916495890

Document Required

• Photograph of all the Partners
• PAN Card of all the Partners
• ID Proof of all the Partners (Driving License/Passport/Voter ID)
• Address Proof of partners.
• Address proof of the Registered Office.

Registration Procedure of Partnership Firm in India

• Select a Unique name for the partnership firm
• File Form 1 application of partnership firm registration.
• Submit the filled application form to the Registrar of Firm of the state where the firm is going to start. The application form has to be filled in prescribed format with specified fees amount.
• A partnership deed is planned and prepared properly with the consent of all the partners or the members of the firm on the stamp paper. Following are important components of Partnership Deed:
• Information of the partners and firm such as name, qualification, address, etc.
• Nature of the business and the business activities involved
• Details about The capital contribution made by all partners of the firm
• Shares and the interest of all the partners
• Details about the sharing of Profit and loss ratio among all the partners of the firm
• Rules, regulations, rights, duties, commissions, salaries, or payable amount of the partners of the firm
• Details of loans offered by the partners of the firm
• Process or circumstances that would be followed if a designated partner is death or getting retirement
• Other articles made with mutual consent of all the members or partners of the firm
• Submission of all documents required for partnership registration with the partnership deed which was prepared by the partners of the firm.
• After submission, the documents are verified by the concerned authorities. If everything falls under the provisions of the act, the registration certificate is granted to the firm.