Perfect for new business owners who wish to start a business in a group. Very easy to set up with minimal documentary requirements. Provides great tax benefits and superior ease of doing business.
A partnership firm refers to that business entity that has been established to make a potential gain from the business dealings and operations. When two or more parties coalesce together to own and manage the business and that is made official through a formal agreement known as a Partnership Deed, a Partnership firm comes into existence.
The Partnership Act, 1932, delineates the structure of a Partnership firm and provides all the necessary provisions for its seamless operation. The Partnership Act allows the existence of both registered and unregistered partnership firms in India.
Of course, an unregistered partnership firm will face numerous shortcomings in business and operation. As a result, people are encouraged to go for a Partnership Firm Registration. With online registration of a Partnership Firm anytime after it is established, you can make the entire procedure seamless.
When two individuals are formally issuing an agreement for a common objective, it is called a partnership. The partnership agreement entails every partner or member to fulfill their roles and responsibilities. There are various proceedings regarding the partnership firm registration in India and this page will enlighten you about the same.
Though there are two types of partnership firms- registered and unregistered, it is always essential for the members to register a partnership firm. The registration enables the owners to enjoy a plethora of benefits. At My Legal Clinic, a partnership firm registration is made quick and effortless. We ensure that your company is registered as a partnership firm within 7 to 10 days.
Features of Partnership Firm Partnership firms come with great benefits and advantages. They keep the business and business owners separate. That means the legal and business liability of the individual is pretty much limited in this type of business firm registration.
Here are the features cum advantages of registering a partnership firm:
A partnership firm is pretty easy to form, there is a minimal documentary requirement, and the time taken to form the same is also less.
Its Flexible business policies in the case of a partnership firm are easy to formulate, change and implement. That's why a partnership firm provides great flexibility in terms of operations.
The owners of the firm must fund the partnership individually, hence they get the freedom to decide how much capital they wish to infuse in the firm.
Taking business decisions in case of a partnership does not require long proceedings or a legal framework to be followed. Hence decisions can be made quickly and without any complications.
Partnership Firm Formation Packages All you need to do for registering a Partnership firm is to read and understand the sections below. Provide us with the documents, purchase a package, and relax!
All you need to do for registering a Partnership firm is to read and understand the sections below. Provide us with the documents, purchase a package, and relax!
Save upto 5% cost on this package
(inclusive of all taxes)
Save upto 10% cost on this package
(inclusive of all taxes)
Save upto 15% cost on this package
(inclusive of all taxes)
Here is a simple list of the criteria and documents that one has to furnish in order to form a partnership firm.
My Legal Clinic believes in answering your questions. We know that as a new business owner you would have certain levels of anxiety and doubts about how the legal business environment works, well don't worry, read our FAQs, they have been put here to answer all the usual questions that you might have about forming a partnership firm.
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Founder & Chairman, China Topline Consulting Corp.
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Creating my own e-commerce venture was easy. The difficult part was getting all legal compliance met. I needed a service provider that could get everything done from a single window. My Legal Clinic is that service provider. Thanks to them, everything is set now.
Partner, Pehrawa Collection
My Legal Clinic makes business legal compliance a piece of cake. From your basic licenses to complex requirements, these guys can get it done and on time - something a busy person like me highly appreciates. I now have more time to focus on business.
Partner, Rental Packs
As a new business person, getting documentation done was really draining my energy. Thankfully, I discovered My Legal Clinic and got everything sorted out from one place. I highly recommend their services to every entrepreneur.
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I am a corporate communications consultant. Meeting the business compliance requirements and documentation is not my cup of tea. That's why I trust My Legal Clinic for every licensing and business accounting needs.
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