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*
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.
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.
Small business person who don't want to invest more for legal proceedings can apply for partnership registration.
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.
Partnership firm does not have any annual compliance cost like other business entities, Only income tax return filling of firm is required.
In partnership firm we can choose any name for firm registration, it is suggestible to consider Trademark while selecting name for partnership firm.
Individual PAN card of all partners are required for registration. In partnership firm separate PAN card will applied after partnership deed.
For Partnership registration we need Adhaar card of all partners ( Some time Voter ID may work ) for address of individual
For business address proof we need Electricity bill, rent agreement or any other government utility bill.
Partnership deed writing with MSME registration under udhyog adhaar. We will also apply for PAN card for partnership.
Partnership deed writing with MSME registration under udhyog adhaar. We will also apply for PAN card for partnership and GST registration.
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.
Ovakil helps you for registering partnership business,it usually take 2-3 days for all process
Any Doubts? Get a Callback from Ovakil Legal Panel.
For partnership firm we need deed to be print on stamp and properly notarized. We provide customize deed preparation and notarization.
This registration will take 2-3 days and GST registration is sufficient to open current account for business
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.