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Your Partnership Firm Registration
Do you have partners to share the profits and losses? Register Partnership Firm at INR 4999/- only.
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What is Partnership Firm?
All you need to know
Partnership firm registration is required when two or more parties sign a formal agreement to manage and operate a business and share both the profits and losses.
Registering a Partnership is the right choice for small enterprises as the formation is straightforward and there are minimal regulatory compliances.
The Partnership Act has been in existence in India since 1932, making partnerships one of the oldest types of business entities in India. A partnership firm can even be registered after it is formed. There are as such no penalties for non Registration of a Partnership firm. But unregistered Partnership firms are denied certain rights under section 69 of the Partnership Act that majorly deals with the effects of non Registration of Partnership firms.
Partnership firms are created by drafting a Partnership deed amongst the Partners and by a registered Partnership deed, ThinkBiz Filings can help you to start a Partnership firm in India.
Wish to start a more formalised Firm? Get to know more on LLP Registration here.
Contents of Partnership Deed:
- The name of the firm
- Name and details of all partners
- Date of commencement of business
- Duration of the firm’s existence
- Capital contributed by each partner
- Profit/loss sharing ratio
- Interest on capital payable to partners
- The extent of borrowings each partner can draw
- Salary payable to partners, if any
- The procedure of admission or retirement of a partner
- The method used for calculating goodwill
- Preparation of accounts of the firm
- Mode of settlement of dues with a deceased partner’s executors
- The procedure to be followed in case disputes arise between partners
ThinkBiz Filings is an eminent business platform and a progressive concept, which helps end-to-end incorporation, compliance, advisory, and management consultancy services to clients in India and abroad. Incorporating a Partnership Firm and registration of Partnership deed is easy, seamless, cheapest and quickest with ThinkBiz Filings! Apart from a Partnership Firm, ThinkBiz Filings also helps entrepreneurs with Private Limited Company Registration, Public Limited Company Registration, LLP Registration, HUF, One Person Company and Proprietorship Firm Registration easily. You may get in touch with our compliance manager on 09704561215 or email info@Thinkbizfilings.com for free consultation.
Partnership Firm Registration Fees
Choose Your Package
BASIC
- Drafting of deed
- Execution of Deed
- PAN AND TAN
OPTIMAL
- Drafting of deed
- Execution of Deed
- PAN AND TAN
- GST Registration
ULTIMATE
- Drafting of deed
- Execution of Deed
- PAN AND TAN
- GST Registration
- Trademark Application (1 Application 1 Class Small Enterprise)
- SSI/MSME Registration
Compliance required for Partnership Firm
All you should know about necessary compliances
GST Registration
GST Return
Accounting
ROC Annual filing
IEC Registration
TM Registration
Compliance required for Partnership Firm
Quick Checklist
- Photograph of all the Directors and shareholders
- PAN Card of all the Directors and shareholders
- Self-Attested ID Proof of all the Directors (Driving License/Passport/Voter ID)
- Electricity Bill or any other utility bill for the address proof of the Registered Office