Easily Register a Partnership Firm in India

Partnership Firms in India are governed by the Indian Partnership Act, 1932. This is very simple and easy way to start the Business. Afleo offers services for Partnership firm Registration.

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Partnership Firm Registration

Partnership Firm is a place where two or more person come together for the same business purpose. Partnership can be between two Individual, Company or Organization. In Partnership firm, there is an Agreement between the partners in which all terms and conditions are mentioned including their profit sharing ratio with their mutual consent. In partnership, all the partners make a contribution for the investment.

Partnership firm has two types i.e Registered Partnership firm and Non-Registered Partnership firm. It is optional whether to register a firm or not, but in Maharashtra, it is compulsory to register the firm. People generally prefer Partnership firm if they intend to share the responsibility with their partners. In Partnership firm there are two or more partners, because of which responsibility is shared between the members which is not possible in proprietorship or One Person Company.

Afleo will help you in all your requirements regarding Online Registration of partnership firm and other formalities. Our Business advisors will give solutions to all your queries regarding Partnership Deed Registration and help you with Procedure, Documents, Fees etc. Afleo.com started with the simple idea that doing business in India should be very easy. Our growing team of young hard working professionals is our biggest asset. Our team puts the consumer first, and work meticulously to ensure that documents are filled correctly and swiftly. Afleo is the market leader with 100+ Partnership Registration per month and total figures crossing 10000+

Inclusions

Name search & approval

Drafting of Partnership Deed

TAN Certificate

PAN Card

Registration Certificate

Partnership Annual Compliance

Features of Partnership Firm Registration

Easy to start

One of the main advantages of Partnership firm is that it is easy to start. There is no cumbersome process to get started. It is also not essential to register the firm. However, if the firm is not registered with Registrar of Firms it is deprived of some legal benefits. Therefore it is advisable to register the firm.

Shared Investment

Starting a business requires investment in huge amount. In case of proprietorship or One Person Company a single person has to invest entire amount, but in Partnership firm the partners can raise investment by dividing the entire amount amongst themselves.

Annual Filing Not Required

Partnership firm is not required to file it’s annual Account to registrar unlike Limited Liability Partnership or Company. Others have to file their Accounts periodically. This is a major advantage for small businesses as it will lower their compliance cost.

Documents for Partnership Firm Registration

Copy of PAN Card of partners

Copy of Aadhar Card/ Voter identity card

Passport size photograph of Partners

Electricity/ Water bill (Business Place)

Copy of Rent agreement (If rented property)

Landlord NOC (Format will be provided)

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Process for Partnership Firm Registration

Drafting of Partnership deed

First step in Partnership Registration is drafting of partnership Deed. The deed will be drafted after discussion with all partners as per their requirements.

Registration of Partnership deed

Registration of partnership deed is optional, but in State of Maharashtra it is compulsory to register a partnership firm. It is advisable to Register the firm as it has many more benefits.

Application and obtain PAN & TAN

For Partnership firm PAN and TAN in the name of partnership firm is also required. After registration of deed we apply for PAN and TAN also.

How we help with Partnership Registration

Afleo.com can easily register a Partnership Firm within 7-10 working days

Free Consultation

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Frequently Asked Questions

In Partnership Firm, partners must be Citizen and Resident of India.

There is no limit of minimum capital for starting a partnership firm.

There is no time period limitation for a partnership firm. It depends upon their mutual consent.

Yes, it is mandatory to draft a partnership deed, because all the terms and condition are mentioned in the deed.

No, it is not compulsory to register a partnership, but in the State of Maharashtra, it’s compulsory. However, it is advisable for partnership firms to register itself.

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