Partnership Firm Registration

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PARTNERSHIP FIRM REGISTRATION

What is Partnership Firm Registration?

Partnership firm registration focuses on the business entities which are especially in operation to make a profit from the business. It can be formed by two or more parties together, and a formal agreement is important to own for managing the business.

All the responsibilities of the business will be shared among all the parties in the same partnership. The individual partner will not be responsible for any profit or loss. When two parties are coming together, they will be more capital and expertise combined, which allow the business to grow.

In simplified language, the partnership creates a relationship between two parties who wants to set up a business and earn profit in return. Each and every advantage and disadvantage of the business will be owned by both parties.

Partnership firm registration process in India:

In order to start your business with such an entity, you need to go through the process of PARTNERSHIP FIRM REGISTRATION Once you are successful with the process, you will get to enjoy the perks of a partnership firm registration that includes the following:

Step 1: Selection of name::

Selection of name is the primary step. The name of the partnership needs to check out, and it does not own any TM. When it is identified that there is no such trademark on it, the name will be issued.

Step 2: Deed drafting:

Deed drafting or deed of partnership indicates the relationship between the partners and the relation of partners with the organization. It is important to present it because if the same is not there, then chances are their registration will not get completed.

Step 3: Deed notary:

A notary is important as it must be well-structured, and the signature of both the partners is important on the agreement. It is the agreement which is identifying that both the parties will be responsible for each and everything considering the firm.

Step 4: Firm registration:

Finally, the registration of the company will be done along with the KYC of the partners and address proof. Submit all the documents so that there will be no problem throughout.

Benefits

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Requirements

Minimum two directors
NO FDI IS
ALLOWED
NO MINIMUM
CAPITAL
UNIQUE
NAME

Documents Required

PAN CARD

Need Pan Card of all Shareholders and Directors, Foreign Directors must be required a valid Passport with validated or apostilled

PHOTOGRAPH

Updated Passport size photos of all Participators / Shareholders and Directors.

IDENTITY PROOF

Need identity proof: - Aadhar Card/ Voter ID/Passport/ Driving License of all Shareholders and Directors.

ADDRESS PROOF

Updated Electricity Bill/ Telephone Bill / Bank Account Statement of all Shareholders & Directors.

FOR REGISTERED OFFICE

Rent agreement

Valid Rent agreement, Utility bills:- telephone bill, electricity bill, and municipal (It should be last 2 Months) NOC From Owner.

NOC From Owner.

Post Company Registration Requirements?

Once the Company registration is completed, you have to take the necessary steps in order to make a strong presence in the industry.

Mandatory Compliances

GST Registration

Trademark/Patent Registration

Get a free consultation for Private Limited Company registration by scheduling an appointment with Legal Time.

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