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

Start Registration