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Partnership Firm Registration

Partnership Firm Based On Group Of Partner in a Company

Get Partnership Registration in 7 days

Starting at Just

Rs - 4499 /-
(No Hidden Charges)

From Rs.4499 /-(No Hidden Charges)


Any Query Feel Free to Call us at 8961613227 / 9883332426

WHY PARTNERSHIP FIRM


A Partnership is an association of two or more people to achieve certain common goals, pool money, skills, and other resources, and share profit and loss in accordance with terms of the partnership agreement. In absence of such agreement, a partnership is assumed to exit where the participants in an enterprise agree to share the associated risks and rewards proportionately.

Partnerships are easy to form and can be of two types- registered and unregistered Partnership Firms. It is not compulsory to register a Partnership but however it is recommended to register it due to its added advantage. Legal Salah will help you form a Partnership Firm and register in 7-10 working Days .Legalsalah.com Expert lawyer will help you in determining the structure of your entity as per need and nature of your business.

Advantages of a Partnership Firm


Easy to Start

It is easy to start as almost no legal compliance is required. However, if the firm is not registered, it will be deprived of certain legal benefits. The Registrar of Firms is responsible for registering partnership firms.

FLEXIBILITY

A partnership is generally easier to form, manage and run. They are less strictly regulated than companies, in terms of the laws governing the formation.

CAPITAL

Due to the nature of the business, the partners will fund the business with start up capital. This means that the more partners there are, the more money they can put into the business, which will allow better flexibility and more potential for growth.

DECISION MAKING

Partners share the decision making and can help each other out when they need to. More partners means more brains that can be picked for business ideas and for the solving of problems that the business encounters.

Documents Required


  • Pan Card of all partners
  • Voter Id Card / Aadhar Card / Driving License / Passport of all Partners

SIMPLE & TRANSPARENT PRICING


From Rs.4499 /- all inclusive fees
 

BASIC
  • PAN
  • 3 FREE PARTNERSHIP CONSULTANCY
  • LAWYER DRAFTED PARTNERSHIP DEED
  • NOTARY OF THE DEED


  • 4499/-
    (INCLUSIVE ALL)

    From Rs.9999 /- all inclusive fees
     

    STANDARD
  • PAN
  • TAN
  • 3 FREE PARTNERSHIP CONSULTANCY
  • REGISTERED PARTNERSHIP WITHIN STATE

  • 9999/-
    (INCLUSIVE ALL)

    From Rs.14999 /- all inclusive fees
     

    PREMIUM
  • PAN
  • TAN
  • TRADEMARK REGISTRATION
  • REGISTERED PARTNERSHIP WITHIN STATE
  • 3 FREE PARTNERSHIP CONSULTANCY
  • 14999/
    (INCLUSIVE ALL)

    Registration Process Flow


    1

    Select Package

    Select Package as per your need and our Customer executive will get in touch with you within 5 minutes of making payment, to guide you with required documents and further procedure.

    1-2 Hours

    2

    Drafting Partnership Deed

    The Partnership Deed is basically the main theme of the business and is the most important thing which is required to be drafted before startup. So, before startup it is very important to understand the needs of the business, the partners and other relevant details to draft the partnership deed.

    3 WORKING DAYS

    3

    Notarized

    If Partnership need to get notarized it will take at least 2 working days to get it done.

    2 WORKING DAYS

    4

    Partnership Deed Registration

    Depending on the choice of the Partners, if partnership need to get registered then it will take around7- 10 working days .

    10 WORKING DAYS

    5

    Obtaining PAN & TAN

    After the basic procedure of registration, PAN & TAN will have to be obtained within 7-10 days.

    7-10 WORKING DAYS

    6

    Live Tracking

    Legal Salah believes in transparent and lucid work delivery and hence people can track their application status by just clicking on “LIVE TRACKING TAB“ in legalsalah.com

    7-10 WORKING DAYS

    FAQ's on Partnership Firm


    • 1. What is a partnership?
      A partnership is an association of two or more persons who carry on as co-owners and share profits. There can be a contribution of money (a capital investment in the business project) or services in return for a share of the profits.
    • 2. Are there special rules for running partnerships?
      Unlike companies, partnerships are relatively informal business structures. Partnerships aren't required to hold meetings, prepare minutes, elect officers, or issue stock certificates. Generally, partners share equally in the management of the partnership and its profits and losses, and assume equal responsibility for its debts and liabilities. These and other details are typically described in a partnership agreement.
    • 3. Is a written partnership agreement required for every partnership?
      No law requires partners to create a written partnership agreement, but it's smart to do so. If you don't make a partnership agreement, you run the risk that the default rules in your state's partnership laws will govern your partnership in ways you and your partners won't like.

      Creating a written partnership agreement will also give you and your partners a chance to discuss your expectations of each other, define how each of you will participate in the business, and help you work out any sticky issues before they become major problems.
    • 4. How are partnerships taxed?
      A partnership does not pay any income taxes. Instead, partnership income "passes through" the business to the partner. Each person then reports his or her share of business profits or losses on an individual federal tax return.
    • 5. What are the differences between a partnership and a limited liability company (LLP)?
      The biggest difference between a general or limited partnership and an LLP is that the general partners of any partnership are personally liable for any business debts. This means creditors can go after the partners' personal assets while members of an LLP are not personally liable.
    • 6. How can I enforce an agreement?
      The most common way to resolve business agreement disputes and enforce agreements is through the court system. However, courts and lawsuits are not the only option for businesses. Mediation and arbitration are also solutions.
    • 7. Does an agreement have to be notarized?
      Usually not. A notary public (or notary) provides an acknowledgment that the signature appearing on the document is that of the person whose signature it purports to be. There is a requirement that some documents be notarized, such as a real property deed. Unless specifically required by state or municipal law, a written agreement does not have to be acknowledged before a notary public
    • 8. What are the disadvantages of forming a partnership?
      (i) Partners are individually liable for business debts
      (ii) Partners are subject to the actions of other partners.
      (iii) Limited life of a partnership -- if one partner leaves the partnership can end
      (iv) Shared decision making means you do not have full control, which could lead to disagreements or paralysis of the partnership.

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