Partnership Registration

Get Registration Of Partnership

Partnership registration in India refers to the process of legally registering a partnership firm under the Indian Partnership Act, 1932. A partnership is a business structure in which two or more individuals come together to carry out a business venture, sharing the profits and losses in a pre-decided ratio.

Although partnership registration is not mandatory, it is advisable to register the partnership firm to enjoy various benefits such as legal recognition, better credibility, and limited liability.

The process of partnership registration in India involves drafting a partnership deed, which is a legal document that contains the terms and conditions of the partnership. The partnership deed typically includes details such as the name of the partnership, the capital contribution of each partner, the profit-sharing ratio, the duration of the partnership, and the roles and responsibilities of each partner.

Once the partnership deed is drafted, it needs to be signed by all partners and notarized. The partnership firm can then be registered with the Registrar of Firms by submitting the partnership deed and other relevant documents, along with the prescribed fee.

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  • General partnership.
  • Limited partnership.
  • Limited liability partnerships.
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Partnership Firm Registration

A corporation or partnership formed by 2 or more partners with the aim of making a profit is referred to as a "partnership". The partner company has the lowest compliance compared to other business entities.

In India, partnerships are governed by the Indian Partnerships Act 1932. According to the Act, “A partnership is a relationship between partners/persons who agree to share the profits of the company fairly and equally for all. We will help you to register your Partnership Legally and in easy way. The minimum number of partners is 2 and the maximum number is unlimited.

 

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Certificate of Registration

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Drafting Partnership deed

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Documents needed to register a partnership firm
  1. Declaration on Form 1 with the required taxes.
  2. Proof of ownership or lease of your business location. (e.g. electricity/water bill or rental/lease/holiday contract and registered office)
  3. Certified copy of the articles of association with the following information:
  4. Company name
  5. Type of business
  6. Location or head office of other place of business
  7. Continuing operations Date in which each employee joined the company occurred
  8. names of staff full and permanent addresses
  9. copy of  PAN card
  10. copy of Aadhaar card/electoral card

With Tax Esquire

When establishing a partnership, it is important to ensure proper registration to solidify the legal framework of your business. Online partnership deed registration provides a convenient and efficient way to formalize the agreement between partners. The charges for partnership deed registration may vary depending on the jurisdiction and the services involved. By opting for online registration of the partnership deed, you can streamline the process and save valuable time. Registering your partnership business is a crucial step in ensuring its legal recognition and protection. The partnership deed serves as the foundation of the partnership, outlining the rights, responsibilities, and profit-sharing among partners. Understanding the partnership deed and registration process is essential to ensure compliance and avoid future disputes. The cost of partnership deed registration will depend on various factors, including stamp duty and professional fees. To proceed with the registration of your partnership, it is important to gather the necessary documents, which typically include identity proofs and address proofs of the partners, and the partnership deed itself. Our expert team can guide you through the partnership registration process, ensuring all requirements are met and providing a smooth experience. Contact us for comprehensive assistance with partnership registration and the associated documentation.

FAQ

Q - How many partners must there be to form a limited liability partnership?

Registration for an LLP requires a minimum of two partners. There can be a maximum of 200 partners.

Q - can Anyone join an LLP as a partner?

Any person/organization, including foreigners/NRIs, can become a partner in the LLP program. However, the person must be over 18 and have a valid PAN card.