Partnership Firm in India

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Partnership Firm in India

Rs.4,999.00

A Partnership Firm is the most popular business constitution for businesses that are owned, managed and controlled by two or more persons for profit. Partnership firms are easy to start and are prevalent amongst small and medium sized businesses in the unorganized sectors.

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 we The Suits can help start a registered or un-registered Partnership firm in India.

Product Description

Partnership Firm

A Partnership Firm is the most popular business constitution for businesses that are owned, managed and controlled by two or more persons for profit. Partnership firms are easy to start and are prevalent amongst small and medium sized businesses in the unorganized sectors.

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 we The Suits can help start a registered or un-registered Partnership firm in India.

ADVANTAGES OF PARTNERSHIP FIRM

Easy to Start

As compared to the other methods, a Partnership is extremely easy to form as there are minimal legal formalities. Its registration is also not essential. However, if the firm is not registered, it will be deprived of certain legal benefits.

Firm Name

As the name of a Partnership firm is not registered, a Partnership firm can choose to have any name – as long as it does not infringe on a registered trademark. However, it can be copied whether intentionally or unintentionally since the name is not registered.

No Compulsory Return Filing

A Partnership firm is not required to file its annual accounts each year unlike a Limited Liability Partnership or Company.

COMPLETE PROCESS

Starting a firm

You can start a Partnership in 4 to 7 days.

Partnership Deed Drafting

Our team will first understand your business, Partners, Partnership structure and other relevant details to draft a Partnership Deed that is acceptable to all Partners.

Partnership Deed Registration

Based on your requirements we will help you register the Partnership Deed with the relevant authorities to make the Partnership a Registered Partnership Firm.

Obtaining PAN & TAN

Based on the package you had selected, we will help you obtain PAN and TAN registration for your Partnership Firm from the relevant Authorities once the Partnership Firm is registered.

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