Starts Partnership Firm Registration from ₹ 6,999 /-
Partnership Firm Registration
Partnership firm suited for small and medium-sized businesses or home business in the unorganized sector having many directors or promoters. A partnership firm may be registered or unregistered. It is not mandatory to register. Partnership firms are formed by drafting a Partnership deed amongst the partners.
Legal Door helps you to registered or unregistered partnership firm within 10 days.
Advantages to form a partnership firm:
1 Identity proof of Directors (PAN Card)
2 Address proof of Directors ( Aadhar Card/ Passport/Driving Licence, Voter ID)
3 Proof of Registered office ( Electricity Bill with rent agreement and NOC from the owner)
4 Bank details of Directors.
5 Passport size photograph of Directors
Step 1: Basic Information 1-2 Days
Step 2: Draft of Partnership Deed 3-4 Days
Step 3: Review & Changes 5 to 7 Days
Step 4: Final Deed & Application of PAN Card 8 to 10 Days
A minimum of two Persons is required to start a Partnership firm. A maximum number of 20 Partners are allowed in a Partnership firm.
Partnership firms are registered by the Registrar of Firms, under the Indian Partnership Act, 1932.
Partnership firms are business entity that are owned, managed and controlled by one person. So Partners cannot be inducted into a Partnership firm.
The transfer of an ownership interest in a Partnership firm is subject to limitations. Without the majority approval of the other partners, a partner cannot transfer his or her interest in the company to anyone (aside from the other partners already in place).
The Partner must be both an Indian national and an Indian resident. Only with the prior consent of the Government of India are Non-Resident Indians and Persons of Indian Origin permitted to invest in a Proprietorship.