Partnership Firm in India

How can we register
Partnership Firm in India?

A General Partnership is a business structure in which at least two people manage and operate a business as per the terms and goals set out in the Partnership Deed. This design is thought to have lost its relevance since the presentation of the Limited Liability Partnership (LLP) because its partners have a limitless obligation, which implies they are actually liable for the debts of the business. Contact our Filing by Expert specialists now to know a new organization deed design.

Types of Partnership
There are two kinds of Partnerships, registered Partnerships, and unregistered Partnerships. Regarding the Indian Partnership Act, 1932, (Act). The Act doesn't need the Partnership Deed/Partnership Firm to be enrolled and at the end of the day, it does not need the Partnership Firm to be a registered Firm. Subsequently, different partnership businesses exist as an unregistered firm.
There are no punishments for non-enrollment of a partnership firm, and an association firm can even be enlisted after the arrangement. In any case, unregistered organization firms have certain rights denied in Section 69 of the Partnership Act, which manages the impacts of non-enrollment of an association firm.

Documents Required for
Registration of Partnership Firm

  • The application for registration of Partnership Firm must be supported with below documents:
  • 1. Certified true copy of PAN of the Partners;
  • 2. Certified true copy of adhaar of the Partners;
  • 3. Passport size photo of the Partners;
  • 4. Other supporting documents could be Passport, Drivers License, and Voters ID.
  • Evidence of the principal place of business can be established by submitting the following documents:
  • 1. Sale deed in case one of the Partner possesses the place of business
  • 2. Rental agreement copy if the premises are leased
  • 3. Copy of most recent electricity bill or water bill or property tax receipt
Advantages of Partnership Firm
Registration Of Partnership Firm

Advantages of
Online Partnership Firm Registration

Shared Responsibilities
The word Partnership itself depicts people meeting up for some basic business object. The partners share the obligation to work and deal with the business together.

Working Flexibility
Partnership firm's working is based on the Partnership deed executed by the partners mutually. The partners can decide how to operate the business with their mutual assent.

Pre-characterized Object or Period
At the time of enrolling a Partnership firm, the deed specifies the pre-defined business targets and activities, which is the principle to start a business.

Different Financial Returns to the Partners
Partners engaged with the firm get different sorts of profits for their capital just as their individual efforts. The working partner additionally gets compensation in addition to the interest on capital and portion of the benefit, as might be agreed by the partners.

Process of Registration
Of Partnership Firm
  • Step 1: Discussion and sorting the required information
  • Step 2: Providing Required Documents for Partnership firm enlistment.
  • Step 3: Drafting a Partnership Deed
  • Step 4: Review and affirmation from Partners
  • Step 5: Payment of Stamp Duty on the concurrence
  • Step 6: Partnership Deed Notarization
  • Step 7: Allotment of PAN and TAN
  • Step 8: Certificate of Registration from Registrar of Firms

How much to pay for
Partnership Firm?

Partnership Firm would vary from INR 4999/- to INR 13999/- depending upon the plan you choose.

Gold Plan
Gold Plan
₹ 11999/-   ₹ 7999/-
Package Includes
  • ✓ Partnership Deed
  • ✓ Basic sense check and proof reading
  • ✓ GST Registration
  • ✓ Replies to any resubmission from GST
  • ✓ Assistance and filing of GST returns
  • ✓ Assistance in Business Current Account
  • ✓ MSME Registration
  • ✓ Shop & Establishment registration
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Silver Plan
Silver Plan
₹ 7499/-   ₹ 4999/-
Package Includes
  • ✓ Partnership Deed
  • ✓ Basic sense check and proof reading
  • ✓ GST Registration
  • ✓ Replies to any resubmission from GST
  • ✓ Assistance and filing of GST returns
  • ✓ Assistance in Business Current Account
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Platinum Plan
Platinum Plan
₹ 20999/-   ₹ 13999/-
Package Includes
  • ✓ Partnership Deed
  • ✓ Basic sense check and proof reading
  • ✓ GST Registration
  • ✓ Replies to any resubmission from GST
  • ✓ Assistance and filing of GST returns
  • ✓ Assistance in Business Current Account
  • ✓ MSME Registration
  • ✓ Shop & Establishment registration
  • ✓ ITR & Trademark Filing
  • ✓ Preparation and Finalization of Accounts and Balance Sheet
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  • Any two persons can agree to enter into partnership and work towards common goals.
  • Partnership firms are easy to form and register. They are governed by the Partnership Act, 1932.
  • Our team of expert professionals will always be there to assist you.
  • Partnership must be done to accomplish some long term goals.
  • All the documents need to be provided within stipulated time frame as FilingByExpert will not be held responsible for any delayed or late payment. Any tax payment or late fee on GST filing will be entirely borne by the client.
  • FilingByExpert will only be responsible for accounting, preparation of financial statements and filing of returns on behalf of the Company. Fee for Statutory auditor will be paid directly to him by the client.
Plan Offer

FAQ
frequently asked questions

frequently asked questions
What is the concept of a partnership firm?

A partnership is a contract between two or more parties to split a profits of business. All of the partners can work together on the venture, or one partner can represent the others. Such a collaboration can last for a set period of time, be restricted to a single project, or be broken at any time.

To shape a partnership, you'll need three things: There must be a consensus among two or more people; The agreement must have a profit-sharing arrangement and the partnership must be carried out by both partners together, or by any one on behalf of the others.
The Partnership Act, 1932 does not bar a non-citizen from being a partner in an Indian partnership firm if they obtain the requisite clearances and permits from appropriate authorities.
The initial sum of cash or kind contributed by the partners to start the firm is referred to as capital. Each partner does not have to contribute equally. Contribution is contingent on the parties' agreement.
A partnership agreement does not have to be in writing. Oral partnerships are also possible. But a partnership agreement is advisable in case of any discrepancies in future.
Partners must be of legal age (over the age of 18), sane, and not legally barred from entering into a contract.
No, a minor is not permitted to become a partner. On the other hand, Minor could be entitled to the partnership firm's benefits. With the agreement of the other partners, Minor may share the profits of the partnership firm. 
As a partner, your responsibilities include: carrying on the business; being just and loyal to each other; disclosing the partnership true accounts; and providing full details on all matters concerning the firm.

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