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What is a partnership company?
About Partnership Company in India
In India, a partnership company is a type of business structure where two or more individuals come together to carry out a business with a view to making a profit. The partnership can be registered or unregistered, and the business is owned and managed by the partners.
In a partnership company, the partners contribute capital, skills, and resources towards the business, and share the profits and losses in proportion to their contribution. The partnership is governed by a partnership deed, which outlines the terms and conditions of the partnership, such as the profit-sharing ratio, the rights and duties of the partners, and the procedures for admitting or retiring partners.
Partnerships in India are governed by the Indian Partnership Act, 1932, which lays down the rules and regulations for the formation and operation of partnerships. The Act requires that partnerships with more than 20 partners should be registered with the Registrar of Firms.
In summary, a partnership company in India is a business structure where two or more individuals come together to carry out a business with a view to making a profit, and share the profits and losses in proportion to their contribution.
Benefits of Registering a Partnership Company in India
Registering a partnership company in India has several benefits, including:
Legal recognition: A registered partnership company is a separate legal entity and can sue or be sued in its own name. This provides legal protection to the partners and the business.
Credibility: Registration of a partnership company enhances the credibility of the business, and makes it easier to obtain loans and credit from banks and financial institutions.
Limited liability: Partners in a registered partnership company have limited liability, which means their personal assets are not at risk in case of business losses or liabilities.
Perpetual succession: A registered partnership company has perpetual succession, which means the business can continue to exist even if one or more partners leave or die.
Tax benefits: A registered partnership company can avail tax benefits and exemptions under various government schemes and laws.
Better business opportunities: Registration of a partnership company can open up new business opportunities, such as government tenders and contracts, which are often available only to registered companies.
Easy to transfer ownership: A registered partnership company can easily transfer ownership or add new partners by following the procedures outlined in the partnership deed.
Overall, registering a partnership company in India can provide several advantages, including legal recognition, credibility, limited liability, tax benefits, and better business opportunities.
Documents required to register a Partnership company IN INDIA
List of Documents Required
The following documents are required to register a partnership company in India:
Partnership Deed: A partnership deed is a legal document that outlines the terms and conditions of the partnership, such as the name of the firm, the nature of the business, the profit-sharing ratio, and the rights and responsibilities of each partner.
PAN Card: A Permanent Account Number (PAN) card is required for all partners in the firm.
ID and Address Proof: Each partner must provide a copy of their Aadhaar Card, passport, voter ID card, or driving license as proof of their identity and address.
Address Proof of Business: The partnership firm must provide a proof of the address of its registered office, such as a rental agreement, property tax receipt, or electricity bill.
Partnership Firm Registration Form: Partners must fill out and sign a partnership firm registration form, which is available on the website of the Ministry of Corporate Affairs.
Partnership Firm Application Fee: A fee must be paid to the Registrar of Firms for registering the partnership company.
Once all the documents are submitted and the fee is paid, the Registrar of Firms will verify the information and register the partnership company. It usually takes about 15 to 20 days for the registration process to be completed.
We Follow a Simple 4 Steps Company Registration Process!
In order to get your company registration process started, we would request you to either fill the contact form below or call us directly on +91.8920769787.
Once done, a designated account manager from our team will connect with you to understand the requirements and expectation you are having with your future company. You will be allowed to choose the desired medium to be contacted and updated about the ongiong process in regard to your company registration.
We prefer to connect with you over WhatsApp, Telegram, Email, Live Chat or our CRM directly.
Once the registration process is clear and understandable to you, you will be able to proceed with the payment in favor of DV.ASSOCIATES.
Once you are in touch with your account manager, you will be provided with a payment link to complete your payment online.
In case you want to transfer directly to our bank account of pay by DD/Cheques or Cash, you can schedule an office visit to complete the payment process.
Once your case is confirmed, you will be asked to upload the necessary documents in a secure environment.
You can either send your documents via E-Mail or WhatsApp or your designated account manager will send you a link to directly upload your documents to our self hosted and secure CRM.
The privacy of our clients is our top most priority. We do not share your information with anyone for any purpose.
For further information about documents, file formats and the process of uploading, please get in touch with your account manager.
The time taken in the registration of sole proprietorship company is between 4-30 days.
In some (exceptional) cases, some clarifications are demanded from the department of GST which may increase the time to obtain the company registration certificate.
The Final Delivery of the document is done over Email and the same can also being sent via registered post (on request).
Partnership Firm Plan 1
For those who already have a GST Number
₨2999
₨
1499
+ GST -
Partnership Firm Registration
-
Obtaining PAN Card
-
Obtaining GST Number
-
Free Website for 1 Year
Partnership Firm Plan 2
For those who need to have a GST Number
₨4999
₨
2999
+ GST -
Partnership Firm Registration
-
Obtaining PAN Card
-
Obtaining GST Number
-
Free Website for 1 Year
Partnership Firm Plan 3
For Those who want a website along with their firm registration
₨14999
₨
6999
+ GST -
Partnership Firm Registration
-
Obtaining PAN Card
-
Obtaining GST Number
-
Free Website for 1 Year
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