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.
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:
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.
No Hidden Cost
Partnership Deed Registration in 10 Days
Which documents are required for registering a Partnership firm and an unregistered firm?
In case of Registered Partnership Firm, following documents are required:
· 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
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.
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.