- Partnership Registration
Partnership Registration
Partnership registered entity is an entity registered under the Partnership Act, 1932 whereby two or more persons come together with a formal agreement to own and control the business. It is always feasible for a partnership entity to go with registration as it will have more benefits when compared to an unregistered entity.
We’re trusted by the best in the business
How to choose a name?
Partnership Firm Registration
A partnership Firm is the normal appropriate sort of business structure as it is extremely easy to shape. A firm or company formed between 2 or more partners to earn a profit is named as a “Partnership Firm”. A “partnership deed” is a legitimate document that is created to form a partnership firm. In India, partnerships are governed by Indian Partnership Act 1932.
In a Partnership firm, there are very least compliances in comparison to other business entities. According to the act “Partnership is the relation among partners/individuals who agree to share the profits of the business as equal and the same for all. The minimum 2 partners are and there is no set limit for the maximum number.
Benefits of Partnership Firm
There are numerous benefits in registering a partnership firm :
Incorporated on the basis of an Agreement
Partnership firm gets into existence on the basis of an agreement between 2 or more partners agreeing to begin the business. The terms and conditions documents of such partnerships are mention in a certificate known as the Partnership Deed. We offer the partnership deed registration online. So, you can easily log into our website.
Distributing of profit and Loss among Partners
Partners are authorized to share the profits and bear the losses if any in the field of business. As there is no separate legal entity concept under partnership Act and in case of loss the partner's personal asset is taken into account.
Unlimited Liability of the Partners
All Partners are individually liable for all losses resulting in the course of business. All the assets can be utilized to pay off the outstanding debts of the partnership firm.
Here how it works
What is Partnership Firm?
Partnership firm represents a business entity that is formed with a purpose of making a profit from the business. Two or more parties come together with a formal agreement (known as Partnership Deed) to own and manage the business. The risk and responsibilities are shared amongst the partners that shred the burden of an individual partner. Also, when two comes together, more capital and expertise are combined that helps to reach the business goal(s) easily.
- Shared Responsibilities
- Operating Flexibility
- Pre-defined Object or Period
- FAQS
Have Questions? Find Answers Here
No, physical presence is not required. Scanned copies of all the required documents & forms will hold good to complete the procedure online. Also, we at Taxkriya, always encourage faceless and paperless process in all our services. We also provide video/ audio call support at your convenience.
No, it is not mandatory. However, registering it with registrar of firms is recommended to keep the entity valid and enforceable.
It is now very easy to register a partnership firm online through official website of respective state authorities.
For adding partner in firm is easy. If you have made any provision in agreement regarding addition and removal of partners in firm, then it will execute according to the terms mentioned there in. Otherwise majority of partners can add or remove partner.
Stil have any questions?
TESTIMONIAL
What our users are saying
So far good experience. Still need to complete the full compliance before due date by Corporate Avenue.
OCTANE CAPITAL PRIVATE LIMITED, Anjali bhatia
Experience was awesome. Thanks for all the help and coordination. Parth was really helpful in the journey.
Dakshta trust, Daksh Midha
Would definitely recommend this website to other people and would also use it myself in future as well if need be
From the Fields Pvt Ltd, jasbeer Singh