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Partnership Registration

Register your Partnership Registration Now

A Partnership is basically the easiest form of a business structure, where two or more people come together with a motive to carry business and divide the profits & loss thereof in an agreed ratio through partnership deed.

 

A Partnership is not complex to form, and the compliance is less as compared to other entities. A partnership is favorable when the business is a medium scale. Such a partnership deed contains all the conditions and the legalities of the partnership deed. 

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Partnership Registration in India

A Partnership is not complex to form, and the compliance is less as compared to other entities. A partnership is favorable when the business is a medium scale. Such a partnership deed contains all the conditions and the legalities of the partnership deed. It provides a guiding basis for all future activities and in case of a dispute or legal proceedings; it can also be used as evidence. A partnership firm is governed by the Indian Partnership Act, 1932. A registered Partnership firm is more beneficial than the Unregistered Partnership firm so it’s advisable to get it registered under The Indian Partnership Act, 1932.

Benefits of Partnership Registration

  Right to file the suit: Ability to file a case against Third Parties for resolution of disputes.

  Right to file suit against co-partners- Ability to file a case against co-partners for resolution of disputes.

  Set off claim: Ability to claim Set-off against the third party.

  Higher Credibility: Online Registration of Partnership Firm enjoys higher credibility.

  The benefit of conversion: It can be converted into any other entity.

Documents required for Partnership Registration

     → PAN card of Partners(self-attested)

 

→  Address Proof of Partners(self-attested)

 

 → Electricity Bill as registered Address Proof ( not older than 2 months)

 

 → Original Partnership Deed(if any)

 

  → Any other documents as required by Registrar

The process to form a Partnership Registration

1

Drafting of Partnership Deed

2

Execution of Partnership Deed

3

Payment of Stamp Duty

4

Application for PAN

5

Registration of Partnership Deed

6

Opening of Bank Account

Frequently Asked Questions

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