Be it any city of India, including Delhi, if you want to run a business properly and legally then you have to get it registered. The Indian corporate/company law has provisions that offer multiple business registration options. Going for a partnership firm is one of them. There are many benefits associated with a partnership firm. In case you wish to know more about it, then you can always visit our partnership firm registration page.
Right now, we are going to focus on partnership firm registration in Delhi. Although the procedure and the legal statutes governing the registration are primarily the same throughout the country, there are certain minor variations that are observed regionally. That's why being an online business consultancy, we have to ensure that our visitors no matter from which region of India they are get accurate information.
We would be covering the following in our blog post:
- Why should one get their partnership firm registered in Delhi?
- How much does it cost?
- Documents required for partnership firm registration
- How My Legal Clinic can help you register a partnership firm in Delhi?
Why Should One Get Their Partnership Firm Registered in Delhi?
For the sake of clarity, there are two types of partnership firms, registered and unregistered. Registered firms are obviously protected by the existing corporate laws of the country. However, unregistered partnership firms are also legal but lack of registration leaves the partners unprotected. In India, the law requires only signing of a partnership deed and leaves the option of registering it on the partners. There are many drawbacks of an unregistered firm, they are :
- In case of a legal tussle, partners cannot file a legal suit against each other.
- No legal remedy to demand a contractual or conferred right.
- No provision for the partners to file a legal suit on behalf of a third party.
- No provisions of set off in case of dispute with a third party.
There are many other practical reasons for getting your partnership firm registered. You can always discuss the same over call by contacting us.
How Much Does It Cost?
Now, there are two elements attached with the cost of partnership firm registration in Delhi. One is the government fees and the other is the consultant fees, if you choose to engage one.
The government fees are subject to change and we would urge our readers to connect with one of our executives to know about it. For our fees, please visit our partnership firm registration page to know more about it.
The overall cost of registration varies slightly from region to region and it would be best to get in touch with us to know exactly how much you might have to pay for the same.
Documents Required for Partnership Firm Registration
For registering a partnership firm in Delhi, you would be required to submit a bunch of documents. Please visit our service package page to know more about it:
How My Legal Clinic Can Help You Register a Partnership Firm in Delhi?
My Legal Clinic is an expert in business registrations and related legal requirements. Although the information for registering a partnership firm in Delhi is available freely in the public domain, in reality, it is a bit confusing and complex task for a new business owner.
There are many other facets of business that require your attention. It is better to focus on tasks on which you have domain expertise. That would be a wise investment of your time. As a budding successful business person, you should be buying time to invest in other important avenues.
One way to do that is by hiring us for your partnership firm registration requirement in Delhi. It will save you a lot of hassle and time, plus you get the added advantage of being with a company that has proven expertise in such matters. Connect with us to know more about it. Let us help you launch the next big business.