A partnership is an arrangement where parties, known as partners, agree to cooperate to advance their mutual interests. The partners in a partnership may be individuals, businesses, interest-based organizations, schools, governments or combinations. Organizations may partner to increase the likelihood of each achieving their mission and to amplify their reach. A partnership may result in issuing and holding equity or
A Partnership Firm is a popular form of business constitution for businesses that are owned, managed and controlled by an Association of People for profit. Partnership firms are relatively easy to start are is prevalent amongst small and medium sized businesses in the unorganized sectors. With the introduction of Limited Liability Partnerships in India, Partnership Firms are fast losing their prevalence due to the added advantages offered by a Limited Liability Partnership.
There are two types of Partnership firms, registered and un-registered Partnership firm. It is not compulsory to register a Partnership firm; however, it is advisable to register a Partnership firm due to the added advantages. Partnership firms are created by drafting a Partnership deed amongst the Partners and StartedIndia can help start a registered or un-registered Partnership firm in India.
5 Step Registration
|1.||Arrange the Basic documents required|
|2.||StartedIndia will send your partnership deed for sign|
|3.||StartedIndia will apply for TAN and PAN for your firm|
|4.||You receive your registration certificates|
Documents required for Partnership firm registration
1. Self-Attested PAN card copy of All the Partners
2. Self- Attested Proof of Identity (Voter ID/ Passport/ Driving License/ AADHAR Card) of any one of the Partners
3. Business address proof (Electricity Bill/ Telephone Bill/ Property deed/ Gas Bill/ Tax Bill)
4. Partnership firm name
5. Firm Service or object or