Partnership could be registered or unregistered. Partnerships are ideal for small business in the unorganised sector having multiple promoters. All In 1 Real Solutions offers partnership registration from Rs.6399/-
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. Partnership firms are created by drafting a Partnership deed amongst the Partners and All In 1 Real Solutions can help start a registered or un-registered Partnership firm in India.
A Partnership is easy to form as no cumbersome legal formalities are involved. Its registration is also not essential. However, if the firm is not registered, it will be deprived of certain legal benefits. The Registrar of Firms is responsible for registering partnership firms.KNOW MORE
Since the name of a Partnership firm is not registered, a Partnership firm can choose to have any name - as long as it does not infringe on a registered trademark. However, since the name is not registered, any other person can also use the same business name unless trademark registration is obtained.
A Partnership firm is not required to file its annual accounts with the Registrar each year unlike a Limited Liability Partnership or Company. Limited Liability Partnership's and Company's are required to file their annual accounts with Registrar of Companies each year.
In a Partnership firm, the partnership deed will determine the ownership of the firm, profit sharing ratio, rights and responsibilities of each of the Partner. A partnership deed can be registered with the Registrar.
Bank account can be opened in the name of a Partnership firm. To open bank account, the partnership deed copy and KYC documents of the Partner must be submitted along with any other document as required by the Bank.
Identity and address proof will be required for all directors and shareholders of the company to be incorporated. In case of Indian nationals, PAN is mandatory. For foreign nationals, apostilled or notarised copy of passport must be submitted mandatorily. All documents submitted must be valid. Residence proof documents like bank statement or electricity bill must be less than 2 months old.
All companies must have a registered office in India. To prove access to the registered office, a recent copy of the electricity bill or property tax receipt or water bill must be submitted. Along with the utility bill, rental agreement or sale deed and a letter from the landlord with his/her consent to use the office as a registered office of a company must be submitted.
Basic partnership deed drafting by a Lawyer and LEDGERS accounting software. Inclusive of all government fee and taxes.
From Rs.6399 /- all inclusive fees
EMI: Rs.527 for 12 months*
Partnership deed drafting by a Lawyer along with deed registration and LEDGERS accounting software. Inclusive of all government fee and taxes.
From Rs.11499 /- all inclusive fees
EMI: Rs.884 for 12 months*
Partnership deed drafting by a Lawyer, deed registration, trademark filing and LEDGERS accounting software. Inclusive of all government fee and taxes.
From Rs.16399 /- all inclusive fees
EMI: Rs.1420 for 12 months*
allin1realsolutions.com can startup a Partnership in 7 to 14 days.
Got questions? Request a call from an All In 1 Real Solutions Business Advisor.Let's talk!
An All In 1 Real Solutions Financial Expert will first understand your business, Partners, Partnership structure and other relevant details to draft a Partnership Deed that is acceptable to all Partners.
Based on your requirements and the service level you have requested from All In 1 Real Solutions, we will help you register the Partnership Deed with the relevant authorities to make the Partnership a Registered Partnership Firm.
Based on the package you had selected, we will help you obtain PAN and TAN registration for your Partnership Firm from the relevant Authorities once the Partnership Firm is registered.
allin1realsolutions.com is India's largest online business services platform dedicated to helping people easily start and manage their business, at an affordable cost. Our aim is to help the entrepreneur on the legal and regulatory requirements, and be a partner throughout the business lifecycle, offering support at every stage to ensure the business remains compliant and continually growing.
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