A Partnership Firm is a business constitution that are owned and managed by a group of People in the form of Association for profit. Partnership firms is prevalent amongst small and medium sized businesses in the unorganized sectors. Because of introduction of Limited Liability Partnerships in India, Simple Partnership Firms are fast losing their prevalence due to the added perks offered by a Limited Liability Partnership. Partnership firms are of two types, registered and un-registered Partnership firm.
Registration of a Partnership firm is not compulsory but, it is advisable to register a Partnership firm due to the added advantages. Partnership firms are created by drafting and executing a Partnership deed amongst the Partners and Compex can help you start a registered or un-registered Partnership firm at an instance.
BENEFITS OF PARTNERSHIPS
EASY KICK START
A Partnership is easy to form as no legal formalities are involved. However, if the firm is not registered, it will be deprived of certain legal benefits. The Registrar of Firms is responsible for registering partnerships firms.
BUSINESS NAME
Because the name of a Partnership firm is not registered, a firm can select any name as long as its does not infringe any registered trademark.
EXECUTING PARTNERSHIP DEED
In a Partnership firm, the partnership deed determines the ownership of the firm, profit sharing ratio, rights and responsibilities of each of the Partner.
EXECUTING PARTNERSHIP DEED
A Partnership firm is not required to file its annual accounts with the Registrar each year unlike a Limited Liability Partnership or a Company.
DOCUMENTS REQUIRED FOR PARTNERSHIP REGISTRATION
IDENTITY PROOF OF PARTNERS
PAN. (Notarised Passport copy for Foreign Nationals).
ADDRESS PROOF OF PARTNERS
Passport, Driving License, Aadhaar, Bank Statement or Electricity Bill (not less than 2 month old).
PROOF FOR REGISTERED OFFICE IN INDIA
Rental Agreement or sale Deed and Copy of Electricity Bill, Property Tax Receipt. NOC from owner of registered office premises.
SIGNED PARTNERSHIP DEED
Partnership deed in non-judicial stamp paper signed by all partners. Value of stamp paper will vary based on the investment in the Partnership Firm.
OUR HELPING HAND IN PARTNERSHIP REGISTRATION
Compex gets your partnership registered in 10 -12 days
DRAFTING AND REGISTRATION OF DEED
After understanding the requirements of business, Compex helps you out in drafting the suitable deed for your business and partners interested. We will help in registering the deed with relevant authorities at the earliest.
OBTAINING PAN AND TAN
We help in getting PAN and TAN registration after the firm is registered with the registrar.
Full Administrative Tax Services Management
REACH YOUR POTENTIAL FASTER AND WITH EASE
We will take care of your accounting and administrative services and take the load off you.
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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s