Overview
As the name suggest, formed by two or more person to run a business. These firms are governed by Indian Partnership Act, 1932, this form of business is adopted by mostly mid-level business owners. All partnerships should have a written partnership deed, mutually decided between all the partners. Registration with registrar is optional and at the discretion of the partners but it is always advisable to register the firm as there are special rights available to them. Our experts will help you in each single steps involved in partnership firm’s registration.
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GST Registration
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Shop & Establishment Registration
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MSME (Udyog Aadhaar)
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Current Account with Bank
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TAN
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PAN
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Register with Registrar of Firm (Optional)
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Aadhaar Card of Partners
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PAN Card of Partners
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Place of Business Proof (Rent Agreement/ Electricity Bill/ NOC/ Sale Deed)
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Cancelled Cheque
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KYC proof of partners (Voter ID Card/ Driving License/ Passport/ Electricity Bill)
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Passport Size Photos of Partners
STEPS INVOLVED IN REGISTRATION PROCESS (Duration - 07-10 Days )
Apply for Current Account
Identify Partnership Firm’s Name and Apply for PAN (If not available)
Step 1
Avail GST registration.
Who is required to registered for GST?
If annual turnover exceeds 40/20 Lakhs (Goods) or 20/10 Lakhs (Services). It becomes mandatory to get GSTIN without considering the threshold limit, if business owner supply goods (not services) thru E-Commerce channels like Amazon, Flipkart or making Inter-State supply of goods (notservices).
Step 3
Other Registration (Optional)
MSME registration (Udyam/Udyog Aadhaar)
Shop and Establishment registration issued by the Department of Labour
Execution of Partnership Deed
A deed or agreement will be signed between all the partners to run the business and share the profit or loss amongst them in
agreed ratio. Know More
Step 5
Register with Registrar of Firm (optional)
It is optional to get registered the partnership firm with the registrar. Registration of partnership firm may be done at any time – before starting a business or anytime during the continuation of partnership. It is always advisable to register the firm since a registered firms enjoy special rights which aren’t available to the unregistered firms. Benefits of Registration