- Work handled by professionals
- Suitable for starting any small business with partners
-No Hidden Charges
- Get your firm started in 2-3 working days.
- Partnership firm starting att just Rs 2,999/-
A Partnership Firm Registration is the most widely opted type of enterprise among entrepreneurs owing to its simplicity and flexibility. It allows several people to aggregate their resources, skills, and knowledge to run an enterprise. Registration of your partnership firm is the first step towards fiscally recognizing your partnership. A Partnership is a business structure where at least two or more people undertake and run a business as stated in the Partnership Agreement.
Registration of Partnership Firm is straight forward and generally in the informal organizations. A partnership firm is a joint venture of two or more individuals with the purpose of sharing resources for initiating the business and equitably sharing the business generated profit amongst the parties concerned or to gain the benefits of one person who acts on behalf of others. The above is established by the written agreement whereas the individuals are made commitments by “Partnership deed” governed by Indian Partnership Act, 1932. With the agreement so established, business, politics, intelligence or an individual level mutual relationship is professionally denoted.
The act is base of intricate bargaining and how they are resolved. An element of the set agreement is described as a partner and the members collectively are referred as partners in legal provisions thus the agreement is “Partnership deed” which covers all the above in legal terms for the benefit of the partners. The terms of the Partnership Deed are often modified to fit the needs of the partners and may even be made contrary to the Indian Partnership Act, 1932 but if the Deed itself is silent on any point then the provisions of the Act would apply.
At Unilex, we are aware of the challenges of navigating the complexities of registration of a partnership firm. This explains our complete and easy partnership firm registration service tailored to meet your requirements. Whether you are a new startup or an existing unregistered partnership looking to formalize your business, our expert team of professionals accompanies you at every step of the registration process.
Drafting Partnership Deed
PAN&TAN
Drafting Partnership Deed
PAN&TAN
GST Registration
Trademark Filing
Udyog Aadhaar Registration (MSME)
Drafting Partnership Deed
PAN&TAN
GST Registration
Udyog Aadhaar Registration (MSME)
2 Digital Signatures (DSC)
2 Director Identification Number (DIN)
Certificate of Incorporation
MOA and AOA
ROC & Stamp duty
EPFO Registration
ESIC Registration
E-Pan Card of Company
TAN or TDS Number
Bank A/c Opening Support
2 Digital Signatures (DSC)
2 Director Identification Number(DIN)
Certificate of Incorporation
MOA and AOA
ROC & Stamp duty
EPFO Registration
ESIC Registration
E-Pan Card of Company
TAN or TDS Number
Bank A/c Opening Support
E-Pan Card of Company
GST Registration
MSME Certificate
Trademark Filing
2 Digital Signatures (DSC)
2 Director Identification Number (DIN)
Certificate of Incorporation
MOA and AOA
ROC & Stamp duty
EPFO Registration
ESIC Registration
E-Pan Card of Company
TAN or TDS Number
Bank A/c Opening Support
GST Registration
Registration of Partnership Firm It is not mandatory register a partnership firm in India, however following are the advantages of registering a partnership firm
Always remember the advice given by your parents but follow your instincts too. Partnership firm registration prescribes a set of rules and procedures on the admission and retirement partners. The new partners are guaranteed their rights and privileges as stated clearly in the partnership agreement.
Likewise, exit partners are always entitled to receive their rightful share of the assets and profits upon their withdrawal and this should be in accordance with the provisions and conditions contained in the partnership deed.
A partnership in India is registered by legally creating a partnership firm which is filed to the Registrar of Firms under the Indian Partnership Act, 1932. In this case, the firm, details such as its name, location, partners’ details and the terms of the partnership agreement are mentioned.
A Partnership deed is a legal document which lays down the terms and conditions of the partnership like rights, duties and profit-sharing arrangements between the partners.
It is not mandatory register a partnership firm in India, however there are several advantages of registering a partnership firm
Only such individuals are eligible to be partners of a partnership firm who are of sound mind, other firms, Hindu Undivided Families (HUFs), companies and trustees of private trusts. Every partner must satisfy certain standards as mentioned under the Indian Partnership Act.
There is no needed minimum capital to start a partnership firm. Partners can contribute any capital as mentioned in their partnership agreement.
The registration of a partnership firm provides legal benefits like filing of suits, right to set off and the enforcement of rights under the Partnership Act. It additionally augments reputation and acts as enabler for business functions.
No, the firm and its partners are same legal entity. Partnerships have an unlimited liability, i.e., partners are personally liable for all the firm’s debts and obligations.
Yes, partnership firms have to file income tax returns irrespective of its profitability. Tax laws obedience is mandatory for all incorporated organizations.
Without consent of other partners, the partnership interest and rights of one partner cannot be transferred to another.
The actual process and provisions are based upon the partnership deed that was put forward while the business was established.
Audits are not obligatory for partnerships but tax audits might be requested based on turnover and some other criteria.
Yes, the process of converting partnership firms to companies or LLPs is a formal thing which may be complex and time-consuming.
For partnership firm, the partnership deed duly registered and proof of identity and address of partners is needed to open a bank account.
A partnership firm can be started only with 2 members but a maximum of 20 partners at most.
PAN cards, identification proof, address proof, and a Partnership Deed, duly signed by all partners, are the required documents for a partnership firm
Unilex aids in drawing of partnership deeds and provides facilitation for registering a partnership firm.
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