PARTNERSHIP FIRM REGISTRATION @6000/- ONLY

WHAT IS INCLUDED IN PACKAGE

  1. Unique Name of Firm

  2. Partnership Deed

  3. Certificate of Registration

  4. Pan Card of Firm

  5. Rubber Stamp of Firm

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PARTNERSHIP FIRM REGISTRATION

A Partnership firm is a business entity created by persons who have agreed to share profits or loss of the business. Partnerships are a very good choice of business entity for small enterprises wherein two or more persons decides to contribute to a business and share the profits or losses

IS IT NECESSARY TO REGISTER A PARTNERSHIP FIRM

Indian Partnership Act, 1932 governs the partnerships. Registration of partnership firm is optional and it depends on the discretion of the partners.

However it is always advisable to register the firm since a registered firms enjoy special rights which aren’t available to the unregistered firms.

CONSEQUENCES OF NON REGISTRATION

  1. A partner of an unregistered firm cannot file a suit in any court against the firm or other partners for the enforcement of any right arising from a contract or right conferred by the Partnership Act.

  2. No suit to enforce a right arising from an agreement can be instituted in any Court by or on behalf of a firm against any third party unless the firm is registered.

  3. An unregistered firm or any of its partners cannot claim set-off or other proceedings in a dispute with a third party.

       Therefore, an unregistered partnership firms should apply for registration as soon as possible.

MINIMUM REQUIREMENTS TO FORM A PARTNERSHIP FIRM

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1. UNIQUE NAME:

Name of the firm should be unique, and it must not same or similar to the name of any existing Company, LLP or trademark which is registered or applied for.

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2. MINIMUM TWO PERSON

Minimum Two persons are needed to become partners of the firm.

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3.NO MINIMUM CAPITAL:

No minimum capital is prescribed, it must be based on the business requirements.

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4. MAIN BUSINESS OF FIRM:

To describe business activities of the firm, main objects of the firm must be specified before its formation.

CHECKLIST FOR REGISTRATION OF PARTNERSHIP FIRM

  1. Name of Partnership Firm;

  2. Full address of Principal and additional Place of Business;

  3. Self-attested copy of Proof of Identity/Address of all partners viz. Aadhar Card/Voter ID/Driving License/Passport, anyone;

  4. Valid E-mail ID of all partners;

5. Valid Mobile Number of all Partners;

6. Ward Number of the address of All Partners;

7. Main Business Activity of Partnership Firm;.

8. One Passport Size Photo of all Partners;

9. Profit Sharing Ratio;

10.Power of Attorney;

11. Specimen Signature.