Partnership firms have certain legal advantages, So if you planning to start business in partnership, it is advised to get your partnership firm registered.
If your firm is registered, it enhances its trust, your buyers, suppliers etc can trust you easily. Registered firms also have easy access to bank credit and capital from other resources. Registered firms can participate in Govt Schemes and take advantage of land allotment, subsidies or other benefits offered by Govt. time to time to boost employment.
A partnership firm clearly define share of each partner and terms of partnership, hence it lower chances of dispute in future. A partnership firm can have between two to 20 partners. To register partnership firm each director should be minimum 18 years of age. Partnership firm can be registered between Indian citizen as well as Indian and foreign citizen.
To register partnership firm , a partnership deed is required, this partnership deed contains all the terms and condition of partnership. Partnership firm contains name and address of all the partners with registered address of the firm. It lists other important details eg. share of each partner, responsibilities of each partner etc.
To register a partnership firm in India following documents are required
- Partnership deed
- Address proofs of all the partners
- ID proofs on all the partners
- PAN Number of each partner
- Rent Deed of registered office
- Affidavit agreeing terms of partnership deed
- Digital Signatures
- PAN number of newly registered firm
Besides all this there may be few more documents required depending on requirement of client. Your partnership firm name should be completely unique and should not resemble to any other brand or company name. Once all the documents are available we can start process of registering your partnership firm. An application need to be filed with all the stipulated documents. We at Trademarkandlegalhub have experienced consultant in our team. We will file partnership firm registration application on your behalf, we will make whole process streamlined and easy for you. We will answer any objection or rectify error if required. You can rely on us for your partnership firm registration and other compliance requirements.