Form Partnership Firm

Form Partnership Firm

 Timeline: 5-10 working days
 Package Inclusions
  • Partnership Deed
  • No. of iterations available - 2
  • Firm PAN Application
  • Firm TAN Application
 Documents Required
  • Name of the partnership
  • Object of the partnership
  • Capital contribution, Profit & loss sharing ratio between partners
  • Arrangement agreed between partners
  • KYC of all Partners
  • Address Proof
 Process Details
  • Partnership Deed drafting
  • Finalising Deed
  • Registration
  • Filing application for PAN & TAN
 Key Advantages
  • Easy to register
  • Minimal set up cost
  • Minimal compliances
  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.

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