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Your Partnership Registration

Do you have partners to share the profits and losses? Register Partnership Firm at INR 1599/- only.

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What is Partnership Firm?


All you need to know

In India, we have a definite law that covers all aspects and functioning of a partnership, The Indian Partnership Act 1932. The act also defines a partnership as “the relation between two or more persons who have agreed to share the profits from a business carried on by either all of them or any of them on behalf of/acting for all”

 

So in such a case two or more (maximum numbers will differ according to the business being carried) persons come together as a unit to achieve some common objective. And the profits earned in pursuit of this objective will be shared amongst themselves. The entity is collectively called a “Partnership Firm” and all the individual members are the “Partners”.

 

Promptadvisory.com is a group of highly qualified, experienced and dedicated professionals like Chartered Accountants, Lawyers, Company secretaries and IT professionals who facilitates and make sure to provide the best end to end incorporation services for all types of business organisations. We, at Prompt Advisory also provide all kinds of legal, professional, management and advisory services to our clients in India and abroad. At Prompt Advisory, all the services are very quick, easy and affordable. For more information, you may get in touch with our compliance manager on +91 6352119045 or email info@promptadvisory.com for free consultation.

Registration Fees

Choose Your Package
ESSENTIAL
Rs.1599/-
(All Inclusive)
  • Drafting of deed
  • Execution of Deed
  • PAN
  • TAN

ENHANCED
Rs.3399/-
(All Inclusive)
  • Drafting of deed
  • Execution of Deed
  • GST Registration
  • PAN
  • TAN

ULTIMATE
Rs.10799/-
(All Inclusive)
  • Drafting of deed
  • Execution of Deed
  • Trademark Application (1 Application 1 Class Small Enterprise)
  • GST Registration
  • SSI/MSME Registration
  • PAN
  • TAN

72269 28355
Call Us
63523 73340
Call Us
info@promptadvisory.com
Email us your query..

Benefits of Partnership Firm

Points to make your decision easy
Sharing the burden
On account of its very nature, Partnership firm enables sharing of risks by more than 1 person. This ensures diversified financial risks.
Better decision-making
Its operations are scalable. Any new partner can be introduced only by executing a supplementary partnership deed. A partner can retire or can be removed by executing a similar deed.
More partners, more capital
As a partnership firm requires a minimum of two partners, there’s an availability of larger resources as compared to a proprietorship firm.

Document Required For Your Partnership Registration

  • Photograph of all the Partners
  • PAN Card of all the Partners
  • ID Proof of all the Partners (Driving License/Passport/Voter ID)
  • Electricity Bill or any other utility bill for the address proof of the Registered Office

How to register Partnership Firm?

5 Easy Steps
 

1

Complete a Checklist

2

Submit Documents

3

Verification of Documents

4

Drafting & Executing Partnership Deed

5

Obtain PAN & TAN

 
Fill a Simple Checklist
A Compliance Manager will get in touch with you to obtain your documents along with a simple checklist. You need to fill up that checklist and submit along with your documents for processing. Our expert team will verify documents and proceed with registration formalities. All throughout the process, your dedicated Compliance Manager will keep you updated on the progress of Firm Registration.
Partnership Deed
Upon receipt of your documents, our team will draft a comprehensive partnership deed for your firm. A partnership deed contains very important details of address, commercial terms between partners, their remuneration, interest on capital and profit or loss sharing ratio. Partnership deed will be sent to you for your verification. Once you verify, we will get the same executed.
Firm Incorporated
Upon payment of stamp duty and notarising, your firm is incorporated. Once this is done, we will proceed to apply PAN and TAN for your firm. On receipt of PAN, you may proceed to open your firm’s current bank account with a bank of your choice.

FAQs On Partnership

Get answers to all your queries
  What is a Partnership Firm?
A partnership firm is a business form in which two or more individuals manage and operate a business in accordance with the terms and objectives set in a Partnership Deed. This may or may not be registered.
  Is there any limit on the number of Partners?
A partnership must have at least two partners. A partnership firm in the banking business can have up to 10 partners, while those engaged in any other business can have 20 partners.
  Do I need to get firm registration done?
No, registration of a partnership is not necessary. However, for a partner to lodge a complaint or sue another partner or the firm itself, the partnership should be registered. Moreover, for the partnership to bring any suit to court, the firm should be registered. For small or family businesses, it is fine if a firm is not registered.
About us

We facilitates and make sure to provide the best end to end incorporation services for all types of business. We, at Prompt Advisory also provide all kinds of legal, professional,management and advisory services to our client in India and Abroad, At prompt Advisory all the services are very quick,easy and affordable.

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