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Package Includes

  1. Partnership deed – Stamp paper and notarized
  2. MSME Registration
  3. PAN application

 

Package cost starting from Rs. 1,500/- 

Starting a Partnership Firm

Partnership firm is an entity in which two or more persons have come into contract to do the business to make the profit. It can be for some specific period or for a specific project. However, the Partnership firm is governed by the Partnership Act 1932, although there is no legal obligation with respect to the compliances apart from the Income Tax Act.

Benefits of Partnership Firm

Easy to commence

The Partnership firm is easy to commence as there is no statutory requirement to get it Incorporated from the Regulatory Authority. The Partners can get it started by making the Partnership deed on the Stamp paper and get it notarized and applying for the PAN. After getting the PAN, the business can be started.

Lower compliance requirement

As compared to the Private Limited Company, Limited Liability Partnership and One Person Company, there is no statutory compliance being to be complied with the ROC.

Documents required to Incorporate

  • Self attested copy of PAN card from the Partners

  • Self attested copy of Identity proof from the Partners (AADHAR / Voter ID / Passport / Driving Licence)

  • Address proof of the Registered Business premises for the LLP

  • In case the premises is rented, the rent agreement for the same along with NOC from the landlord.

  • NOC from the owner of the property.

Steps to Incorporate a Partnership Firm

Step 1 – Make a Partnership deed and get it signed by the Partners on the Stamp paper.

Step 2 – Get the stamp paper notarized

Step 3 – Apply for the PAN of the Firm

Step 4 – Open the Bank account and the Firm is ready for the Business.