Partnership Firms Registration In India
Partnership is a business platform where you can work in agreement with your partners. It’s simple and established based on mutual consent as lawfully settled amongst the partners. Although, such units do not get the provision of Limited Liability, yet they have a fair scope to grow with strong-built group effort. If you wish to start a Partnership, choose our Partnership Registration Package to help us get your registration done fast and with an affordable price. It’s a guaranteed and trusted service like all other packages that we provide. Go through its details and know how it works THE BEST.
An Overview
Partnership Firm Registration In India
Partnership Firms work on the basis of a legally approved business agreement made between the partners (Minimum 2, Maximum 20) on the concerned commercial activities, responsibilities and share of profit. Partnership Firms and their regulations are prescribed as per the guidelines of the Indian Partnership Act 1932. This Business Agreement is the MANDATORY element for every Partnership Firms more than its Registration and accordingly, these units should be fulfilling the applicable annual compliances. For that reason, Partnership Firms are considered to be unlimited liabilities that include personal assets of partners within business purposes. Therefore, it is essential to have the primary knowledge about the protocols and compliances followed to operate a Partnership Firm.
Want to register a Partnership Firm?
Required Documentation
For Partnership Firm Registration
1
Address and ID Proof of Partners, such as, Driving License/Passport/Voter ID, etc.
2
Passport size Photograph of Partners
3
Address proof of the business space. If you own the business space, then provide property papers.
4
PAN details of the Partners
5
Landlord's NOC, if business space is rented
6
Latest Electricity/Water Bills of business space
Benefits of Partnership Firm Establishment
- Partnership Firms can be established with MINIMAL compliances.
- It is Easy to Start, once there is a valid AGREEMENT between the partners.
- ROC Filing is NOT Required.
- ONLY a registered Partnership Firm can file legal suit against the Firm’s policies/ANY partner(s) in the circumstances of dispute as per the Partnership Act.
- Although Partnership Registration is NOT mandatory, yet a registered Partnership Firm receives benefits and grants from Government of India.
looking for expert Help?
Our team at Cameos Consulting is here to help you with all your Partnership Firms Registration matters
Get In Touch With Us!
Phone
Address
Send a message
process for 12A & 80G Registration
12A Registration
10A Form should be filled online furnished with relevant documents as per rule 17A of the Income Tax Act, 1962 to Jurisdictional Principal Commissioner/Income Tax Commissioner.
Commissioner will be checking the details of the application and may ask for additional documents/information, if required. Such queries should be responded properly otherwise may lead to rejection of application.
You’ll be granted a lifetime 12A Certificate for your registered NGO once the Income Tax Commissioner is convinced with its purpose and validity.
Now, your establishment is legally approved NGO with the lifetime provision of tax exemption under Section 12A.