Easily Register a Partnership
Partnership could be registered or unregistered. Partnerships are ideal for small business in the unorganised
sector having multiple promoters. HMJG Legal e-services offers partnership registration from Rs.5899/-
Even God needed a Partner to Create this world, in the same way to Create a Partnership firm you required a partner to start your business. A Partnership is a type of Business Entity in which minimum 2 partners and maximum 10 partners for Banking Business and 20 partners for Non Banking Business are allowed to be partner. Partners introduce the capital as contribution to the business and in the same way they share profit & Loss of Business as they have agreed. And there is no restriction on minimum share capital contribution.
To start partnership firm, partners agree to enter into an agreement is called partnership deed. Partnership deed determines the Roles, Rights, Duties and Liabilities of the Partners.
If you want to Start your Partnership Firm than HMJG LEGAL E-SERVICE INDIA PVT LTD will help you in Registration and in all the Compliance after Registration.
There are two types of Partnership Firm
- 1st Registered Partnership Firm
2nd Unregistered Partnership Firm
Advantages of Partnership Firm
Partnership Firm begins with simple entering into agreement with the partners and it is not Compulsory to be registered as it is optional but it is advisable to register it as it has some advantage over unregistered firm.
No Restriction in Name Reservation
A Partnership Firm can be started with Any name by mentioning same in the agreement. However while designing the name, caution should be taken that no trademark has been registered done by other person.
More capital can be brought to the firm as number of person involvement increases.
More talents, ideas & skill
Partner brings new skill & ideas to expand business to take it at a global level.
Effective Decision making can be made as more brain are introduce to think about a problem.
Firm need not required to file annual accounts with registrar as compare to the Corporate entity.
Document Required for Partnership Registration
Identity and Address Proof
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.
Registered Office Proof
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.
ONE TIME FEE
PAN Card of the Firm
ONE TIME FEE
PAN Card of the Firm
REGISTERED PARTNERSHIP Rs 15000/- onwards
Frequently Ask Questions on Partnership:
- Main object / Activity of the firm.
- Profit / Loss Sharing Ratio.
- Effective date of the firm.
- Capital contribution.
- Name of the firm.
- Address of the firm.
- How to Resolve Dispute.
Stamp duty varies from state to state in partnership firm.
You can easily start partnership business by simply creation of the agreement between the partners . It is not necessary to register the deed however there are some advantage on registration.
Minimum 2 partners are required to start a Partnership firm
- Partners should be an Indian citizen and a Resident of India. Non Resident Indian and a person of Indian Origin can only invest with prior approval of the government of India.
- Passport/ driving license / voter ID
- Pan Card
- Photo Passport size
- Utility bill such as Telephone bill/Gas Bill etc
- Sale / Purchase Agreement
- We will understand your business requirement and help you to start your proprietorship by obtaining relevant registration
- Only a registered Partnership Firm can file a suit in any court against the firm or other partners for the enforcement of any right arising from a contract or Partnership Agreement.
We use the latest technology on the internet which helps us in delivering accurately and within minimal time to those who avail our services because we don’t compromise on the quality of our service.
To deliver professional services at an economical rate and on timely basis because we value your precious time. We aim at helping small businesses to compete effectively in the market. We wish to be known by the quality of services we provide.
We have people who are very particular about there work ethic. In our entity, work comes first. We have staff who are highly qualified. We also run a CA firm from past 30 years.
In general we have expertise in all our fields of work but our compliance work is what gives us an edge over the other companies. We are very thorough with our follow ups resulting in everything being done well in advance, thus avoiding unnecessary delay.