Partnership Registration

INR 7,999 /- (All Inclusive)

A Partnership that Never Fades

A logical & feasible option for home businesses! Low costs, easy setup and minimal compliances make partnership registration a wonderful way to move forward.

Partnership Registration

A Partnership refers to a business model in which two or more people run and manage the business as per the terms and goals defined in the Partnership Deed. As compared to other business models, registering this kind of business is relatively easy and found to be extremely feasible among small and mid-size businesses in the unorganized domains.

The major benefits of Partnership Registration include:

  • Ease in business setup
  • Cost effective as compared to LLP
  • Minimum compliance requirement

However, the truth is that this kind of business is not so much popular as it was earlier since the introduction of Limited Liability Partnership (LLP). It is the provision of unlimited liability that makes LLP a bit ahead of Partnership option. For those with low budget, partnership is still a popular option. In case where a Partnership Deed doesn’t define the right and obligations, the provisions of The Indian Partnership Act, 1932 tend to apply.

Trademark Bazaar is your best avenue to setup a partnership firm. Our legal experts would advise you on the best way forward in this regard and provide all necessary support to realize your dream. Since our inception, we have helped a number of individuals in taking their dream on new success heights. Consult us today and discuss your needs.

Partnership Registration Fees

 

  • Free Consultancy on partnership registration for unregistered firm
  • Application for Pan Card
  • Partnership Deed

Partnership Registration

No Hidden Cost

Partnership Deed Registration in 10 Days

INR 7,999 /-

BUY NOW GET PROPOSAL

 

Documents Required for Partnership 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.

 

Registration Process for Partnership Registration

 

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

 

 

From Our Blog

Frequently Asked Questions

 

Which documents are required for registering a Partnership firm and an unregistered firm?

In case of Registered Partnership Firm, following documents are required:

  • 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.

In Unregistered Partnership Firm

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

When registrar of firms issues the Certificate of Registration (Only incase of registered firm)?

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.

Who would be responsible for the management of a partnership firm?

In Registered partnership Firm

Every partner needs to confirm and sign the application & ensure that the following documents and prescribed fees are enclosed with the registration application

  • 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.

And

In Unregistered Partnership Firm

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

What is the criterion for the audit of a unregistered partnership firm?

A partnership firm is not required to get statutory audit of their accounts. However, if the annual turnover is more than the specified, tax audit becomes necessary.

Who can become a partner in a partnership firm?

Any individual who is an Indian citizen and a Resident of India can become a partner in a partnership firm. However Non-Resident Indians are allowed to make only partial investment in a partnership firm after obtaining prior approval of the Government.

Name the documents required to register a partnership firm.

  • Obtaining a PAN card for the society from the Income Tax Department.
  • Opening a Bank account for the society for the regulation of funds of the society.
  • Getting the exemption under Section 80 (G) of the Income Tax Act for exempting the donations from taxation.
  • Getting clearances from RBI for receipt of foreign funds in the society.

What is the minimum capital required to setup this kind of business?

There is no limit on the minimum capital for Partnership Registration. Hence, a partnership firm can be formed with any capital.

What is the life span of the partnership?

The life span of the company actually doesn’t depend on or relate to the life of any specific person(s) or individual(s). It could go on forever until it reaches its goral, merges with another such company, or goes bankrupt.

 

Do you have any Question? Call us on +91-8882-312-312