Comply Happy

Partnership Registration

A Partnership is the most popular type of corporate entity in India. It is registered as per the compliance and regulatory guidelines of the Indian Partnership Act,1932.

A Partnership is considered as the form of Business Structure in which two or more individuals manage and operate a business in accordance with the terms and goals set out in the Partnership Deed. divide the profits thereof in an agreed ratio. A Partnership Form of Business is relatively easy for medium sized Business the cost compliance is minimal as compared to other Business Structure.

    Features of LLP

    A Partnership is considered as the form of Business Structure in which two or more individuals manage and operate a business in accordance with the terms and goals set out in the Partnership Deed. divide the profits thereof in an agreed ratio. A Partnership Form of Business is relatively easy for medium sized Business the cost compliance is minimal as compared to other Business Structure.

    For Partnership Registration, Partners agree on a firm name and then establish a partnership deed with the help of legal consultant. It is a document stating respective rights and obligations of the partners and to be valid it should be written and not oral.

    The partnership is relatively easy to start however, there are certain conditions and restrictions to be followed in setting them up. Also, according to Indian Partnership Act,1932, consent of all the partners in a partnership firm is required in fundamental matters (like admission of new partners, dissolution of the firm, conversion of the firm etc.) and a majority in other matters and there should be sharing of all the profits or losses made in the business. It also states that there has to be a legal contract that There are certainly more rules while setting up a Partnership firm, clearly stated in the Indian Partnership act,1932 and they should be followed strictly to avoid any severe actions made by authorities towards your firm.

    Why to Choose Partnership?

    • Partnership registration is very easy.
    •  
    • Partnership Registration is Inexpensive.
    •  
    • Partnership has Minimum Compliance Cost.

    Benefits of Partnership Firm Registration

    Benefits of Partnership Firm Registration:

    (a) Ability to file case against Third Parties

    (b) Power to file suit against co-partners

    (c) Ability to claim Set-off

    (d) Higher Credibility

    (e) Conversion of Entity

    (f) Better Decision Making

    (g) Sharing of Burden

    (h) Ownership and Control are Combined

    Documents Required

    Documents and information Required for Partnership Registration:

    1. Firm Name

    2. The nature of business of the firm

    3. Pan card of all Partners

    4.  Aadhar card of all Partners

    5. Address Proof For Registered Office of company

    6. Email ID of all Partners

    7. Pan card of all Directors

    8. Capital to be contributed by each partner

    9. Profit/loss sharing ratio among the partners

    Completed Work

    1500+
    Company Registered
    2348+
    Business Managed
    30cr+
    Taxes Saved
    2000+
    Satisfied Customers

    We Offer a Full Range of
    Company Registration Services!

    Our main aim is to help those entrepreneurs and businessmen’s legal and regulatory requirements, and be a partner throughout the business lifecycle, offering support at every stage to ensure the business remains compliant and continually growing.

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    Email:

    legal@complyhappy.com

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    +91 62307 77623
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