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FIRM & SOCIETY REGISTRATION

Partnership Firm:

A Partnership is where two (or more) people join hands to carry out a business for profit. The partners become joint business owners and carry out operations governed by the partnership deed. The regulations are least and it makes it a desirable option for businesses having joint owners. However, in a partnership firm the partners are jointly and individually liable for debts of the firm. This form of structure is ideal if there are no/less requirement of external funds and low risk of bad-debts for example consultancy firms.Running a firm where multiple partners decide the terms of business operation has many legal and compliance angles. Such matters are best left to experts! Choose this plan to avail end to end services right from registering as a partnership firm to preparation of documents involved.

Partnership firms are governed by the Indian Partnership Act, 1932. Under the act, registration is not mandatory but it is advisable due to following reasons:

  • Partner(s) can't file a case in any court against the firm/ other partners unless firm is registered.
  • The unregistered firm or its partners can't file a case against third party on breach of a contract but the third party can file a Expert'se
  • In case of a dispute with a third party, the unregistered firm or any of its partners cannot claim a set off
  • Meeting tax and statutory compliances

Services Covered:

  • PAN Application
  • Partnership Deed Drafting
  • Filing of deed and other documents with the Registrar of Firms
  • Issue of Registration Certificate
  • GST Certificate
  • Legal and Tax Advisory

A group of at least 2 people having a business idea, Small businesses looking to using pool of resources contributed by multiple people or Any existing unregistered Partnership Firm

Documents to Be Submitted

  • Address proof of partners
  • Photo ID proof of partners
  • No objection certificate from the owner of the property of the property If Owned
  • Ownership proof If Owned
  • Rental or Lease agreement of your registered office