Form Partnership Firm

Form Partnership Firm

    About Service
A Partnership Firm is a popular form of business constitution for businesses that are owned, managed and controlled by an Association of People for profit. Partnership firms are relatively easy to start are is prevalent amongst small and medium sized businesses in the unorganized sectors. With the introduction of Limited Liability Partnerships in India, Partnership Firms are fast losing their prevalence due to the added advantages offered by a Limited Liability Partnership. There are two types of Partnership firms, registered and un-registered Partnership firm. It is not compulsory to register a Partnership firm; however, it is advisable to register a Partnership firm due to the added advantages.
 Timeline: 5-10 Working days
 Package Inclusions
  • DSC
  • DIN
  • LLP Name Approval
  • Partnership Agreement
  • Filing of Forms
  • Certificate of Incorporation
 Documents Required
  • "PAN card- All Directors
  • ID Proof(Aadhar card/DL/Voter ID)- All Directors
  • Permanent address Proof(Bank Passbook-front page/Latest utility bill)- All Directors
  • Address Proof of proposed Registered Office of company
    a) If taken on rent then NOC with utility bill from the owner
    b) If not taken on rent or owned by any other entity then NOC signed by owner
    c) If owned by Director then sale deed with electricity bill
  • Passport size photograph-All partners
  • Main objects of proposed company in detail
  • Four names of proposed company as per preference
  • Significance of names of proposed company
  • Profitability Ratio(i.e Contribution by each partner)
  • Signed Partnership agreement & other forms (Format will be provided by us)"
 Process Details
  • Obtaining DSC & DIN
  • Creating and filing of documents with RoC
  • Application for PAN & TAN
 Key Advantages
  • Easy to register
  • Minimal set up cost
  • Minimal compliances
 FAQs
  1. What is meant by main object of the partnership?
    Main object of the partnership firm describes the purpose of the partnership in detail for which the partnership is being incorporated. It includes services provided, goods sold or future services of the partnership.
  2. What is TAN?
    Tax Deduction and Collection Account Number (TAN) is a 10 digit alphanumeric number issued to persons who are required to deduct or collect tax on payments made by them under the Indian Income Tax Act, 1961.
  3. Is there a limit on the number of partners?
    Yes. In a partnership minimum of 2 and maximum of 20 partners are allowed.
  4. Is it compulsory to register partnership firm?
    It is not compulsory to register partnership firm but it is recommended to register partnership firms.

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