When two or more people come together to start a business and share its profit and loss is known as Partnership Firm. The Indian Partnership Act, 1932, governs a partnership firm in India. The partnership agreement can be for a specific task or a job. It can be for a specified period or a general partnership agreement that exists until it is dissolved.
A partnership firm registration in India can be both registered or unregistered as a firm under the Partnership Act. However, an unregistered partnership firm cannot sue anyone as it does not have any Identity.
Starting a partnership firm in India is a simple process and requires a list of compliance amongst all the other forms of organizations. But, unlike other companies or LLP, a partner in a partnership firm in India carries an unlimited liability towards the creditors and debt of their partnership firm. All partners in a partnership firm are jointly held liable for debts and losses incurred by the firm. They also have a principal and agent relationship between all the partners.
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PROOF FOR REGISTRATION
Partnership Incorporation Registration
You need to submit our company registration form so that we help you for further procedure.
Send scanned copy of documents and details requires for registration procedure.
We prepare a Partnership agreement and send the same to you for review.
You will take the print of final deed on the stamp paper and get the same notarized by the nearest notary in your area.
Our team shall collect the final deed from you and then shall apply for the PAN and TAN number.
We will provide you with all the deliverable and registrations, as stated in the package.
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