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+
Name search & approval
Drafting of Partnership Deed
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.
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)
Free Consultation of all Services at just ₹ 1.
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
Got Questions? Request a call back from Afleo.com Company Law Expert