PARTNERSHIP

A Partnership is a association of person where two or more person will work together and share the profit and loss derived from the firm

Its very easy to start and manage.

From ₹ 1999 /- all inclusive fees
EMI: ₹179 for 12 months*

Partnership Registration

The proprietorship form of ownership suffers from certain limitations such as limited resources, limited skill and unlimited liability. Expansion in business requires more capital and managerial skills and also involves more risk. A proprietor finds him unable to fulfill these requirements. This call for more persons come together, with different edges and start business. For example, a person who lacks managerial skills but may have capital

Another person who is a good manager but may not have capital. When these persons come together, pool their capital and skills and organise a business, it is called partnership. Partnership grows essentially because of the limitations or disadvantages of proprietorship.

Some reasons for Partnership registration

Easy to start

For starting partnership firm there is some basic requirements only, we only need two partners who come together for running business for profit or loss.

The firm can be register by simple deed execution and application of PAN card.

Good for small business

Small business person who don't want to invest more for legal proceedings can apply for partnership registration.

Low budget process

Some stamp papers according to state provision in which firm to be register is required, generally stamps required upto 1000/- Rs for all states of India.

No annual cost

Partnership firm does not have any annual compliance cost like other business entities, Only income tax return filling of firm is required.

Different Name

In partnership firm we can choose any name for firm registration, it is suggestible to consider Trademark while selecting name for partnership firm.

PAN card

Individual PAN card of all partners are required for registration. In partnership firm separate PAN card will applied after partnership deed.

Adhaar Card

For Partnership registration we need Adhaar card of all partners ( Some time Voter ID may work ) for address of individual

Business address proof

For business address proof we need Electricity bill, rent agreement or any other government utility bill.

Partnership
A Partnership is an association of two or more person who work together towards common goal and objectives and shares the profit and losses in accordance to the partnership deed.
It is close ended form of business under firm only Partners can only work, it a low cost model and lesser legal requirements of business in comparison to Company and LLP.
No, under Partnership, there is no separate legal entity both partners and firm are seen same, unlike company where members and company are treated to separate legal entity.
Under Partnership there is minimum 2 partners and maximum no partners is 10 in case of banking business and 20 in case of any other business.
No, under Indian Partnership act 1932, for forming partnership there is no requirement of registration of partnership.
The Partnership is a statue or charter of the company it contains name of firm, address of the firm, objects of the firm, and rules and bye laws of the company. Basically all the work and process are governed according to the partnership deed.
SIMPLE & TRANSPARENT PRICING

silver

1999/-
all inclusive fees

Partnership deed writing with MSME registration under udhyog adhaar. We will also apply for PAN card for partnership.

gold

4299/-
all inclusive fees

Partnership deed writing with MSME registration under udhyog adhaar. We will also apply for PAN card for partnership and GST registration.

platinum

9999/-
all inclusive fees

Partnership deed writing with MSME registration under udhyog adhaar. We will also apply for PAN card for partnership and GST registration with GST billing software.

How Ovakil help in partnership registration ?

Ovakil helps you for registering partnership business,it usually take 2-3 days for all process

Free Consultation

Any Doubts? Get a Callback from Ovakil Legal Panel.

Let's talk!

Deed formation

For partnership firm we need deed to be print on stamp and properly notarized. We provide customize deed preparation and notarization.

GST Registration

This registration will take 2-3 days and GST registration is sufficient to open current account for business

Udhyog Adhaar Registration

Udyog Aadhaar is a registration for all micro, small and medium sized businesses. This registration along with a GST registration can be used for opening of bank account.

Why to Choose Ovakil

10+ Years Expirience
Pay With EMI Option
Online Tracking
24x7 Support
Featured In
ovakil featured in indiatimes
ovakil featured in theprint
ovakil featured in economic times