Ideal for Small-Medium Sized Businesses
Starting At Rs. 2,199 + registration fees
(Takes 2-8 days)
Partnership Registration Online
Procedure For LLP Registration
You can operate your business under a Limited Liability Partnership in India online. We hold immense knowledge and expertise in LLP registration and help you in the following ways.
Partnership Registration Online
Complete our Partnership Form
You are required to fill the details in our simple online questionnaire and submit documents.
Verification of Documents
For further procedures, details provided by you will be verified by our experts.
Partnership Deed Drafting
Further after submitting your documents we shall draft your Partnership deed.
Apply for TAN & PAN
We will create all the required documents and file them with ROC on your behalf.
What is Partnership Registration ?
A Partnership is a business structure in which at least two people oversee and operate a business as per the terms and objectives set out in the Partnership Deed. Partnership registration is simply easy and is common among small and medium-sized businesses in the disorderly divisions. Partnership Registration is done by LegalRaasta.
For Partnership Registration, you must agree on a firm name and then build up a partnership deed. It is a document expressing particular rights and commitments of the partners and to be substantial it should be written and not oral. The terms of the Partnership Deed are often varied to suit the interests of the partners and may even be made contrary to the Indian Partnership Act, 1932 however in case, if the Partnership Deed is quiet on any point, then the arrangements of the Act would apply.
Choose Partnership because
- Partnership registration is extremely simple.
- Partnership registration is affordable in comparison to LLP.
- It has the least compliance requirement.
Documents Required For Partnership Registration
- Statement in Form 1 with the prescribed fees.
- Proof of ownership or rent/lease of the location of your business. (e.g. Electricity Bill/ Water Bill or Rent/Lease/Leave and Licence Agreement of Business Place)
- Notarised True Copy of the Partnership Deed stating the following :
- The firm-name
- The nature of business of the firm
- The place or principal place of business of the firm
- The names of any other places where the firm carries on business
- The date when each partner joined the firm
- The names in full and permanent addresses of the partners
- The duration of the firm
- Copy of PAN Card of partners
- Copy of Aadhaar Card/ Voter identity card
Steps to form an Partnership Registration
Step 1 :
All the previously mentioned records must be submitted to the Registrar of firms of the state
An authentication of Registration is then given, by the Registrar, and a duplicate should be given to all the accomplices
Likewise, a different enrollment with the Income Tax office is to be done to maintain any future problems and should get a PAN card and a bank account under the name of the Partnership firm
What is Partnership?
Partnership in the corporate world alludes to a relationship when at least two individuals choose to share the benefits of a business carried on by them all or any of them representing all. It’s commonly done in legitimate terms. The level of possession varies and relies upon specific elements. A partnership firm in this manner is a firm that permits joint responsibility of business. While setting up a Partnership firm, there are certain rules and regulations that have to be followed. Enrolling a partnership firm is not mandatory under the Indian Partnership Act, 1932 but only Maharashtra has made their enrollment mandatory. Further, you can register a partnership firm at any point in time that is even several years after formation. Both registering and not registering a partnership firm has its own benefits; however, like a coin that has two faces, it certainly has its own downside too. We have described below in brief about how a partnership firm works and how to register for a partnership firm in India.
The partnership is comparatively easy to start out, however; there are certain conditions and limitations to be followed in setting them up. Likewise, as per the Indian Partnership Act, 1932, the assent of all the partners in a partnership firm is needed in fundamental issues (like an admission of new partners, dissolution of the firm, conversion of the firm, etc.) and a dominant part in different issues and there should be sharing of all considerable number of benefits or misfortunes made in the business. It likewise expresses that there must be a legal agreement that There are certainly more guidelines while setting up a Partnership firm, unmistakably expressed in the Indian Partnership Act,1932, and to avoid any severe actions made by authorities towards your firm they should be followed strictly.
Why Partnership Registration ?
Easy to establish
Audit not required
Need for Partnership Registration
If you don’t register your Partnership:
A partner cannot sue firm: A partner in an unregistered partnership firm can’t sue the firm for upholding any rights under the Indian Partnership Act, 1932
Can’t guarantee Set off in a dispute with a third party.
The firm cannot sue outsiders would have the option to sue the firm regardless of enrollment.
Minimum Requirements for Partnership Registration
- Minimum 2 Partners
- No fixed minimum Capital Requirement