Partnership Firm Registration (UnRegistered Legal Entity)

Partnership Firm are the most popular forms of business organizations in India for the Partners Entrepreneurs.  its need just only 2 Person to Start a Business.

Key Features of Partnership Firm – 

  • 2 Person Required as Partners.
  • Partners share responsibilities and duties of the business.
  • More capital can be brought into the business.
  • Partners share responsibilities and duties of the business.

Disadvantages of Partnership Firm-

  • Unlimited liability.
  • Disagreement among the partners.
  • Can not raise funds easily from investors.
  • Less Features as Compare to LLP Formation with same cost of formation.
  • Maximum 20 Members are allowed.

Steps Taken to Register a Partnership Firm

  • Choose Partnership Firm Name.
  • Create Partnership Agreement or Deed with the help of MyOnlineCA Professionals.
  • Apply for PAN Card on the name of Partnership Firm.
  • Opening of Current Bank Account on the basis of PAN Card and Registered Partnership Deed. 

Documents Requirements :

  • ID and Address Proof of Partners like Pan Card/Passport/Voter ID/Aadhar Card/Driving License Copy of the Partners.
  • One Business Place Address proof :- 
  1. if Property on Rented :- Need Rent Agreement and NOC from Landlord.
  2. if Property is own :- Need Electricity Bills or any other Address Proof.

Note :  Business place and home place can be same of the Partners.

Package Pricing for Partnership Firm@ 2500/- INR

  • Drafting of the Partnership Deed by Legal Experts
  • Apply for the Pan and Tan on the Firm Name.

Note :- Printing of the Deed on Stamp Paper and Notarization Services not included in the above package.

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