2999 (For General Partnership Firm)*
Addition in Fees as per actual stamp duty in case capital is above INR 50,000/- (Read Share Capital Stamp Duty Rates)
Professional Consultation
Quick and on time processing
Information check by Qualified professional
Include registration with 2 Partners & Capital up to Rs 50,000
Option to choose registration with Registrar of Firms or Unregistered
Best & Quick future support
Best compliance fees in our ‘All in one’ package
Includes Partnership Deed, PAN & TAN, Free Udyam Reg.
Preparation of partnership deed by our professional
Signing & Stamping of Final deed
As per proposal for a registered firm, preparation of application to registerar of firm.
Filing of application to register in Form 1
Application for PAN & TAN
PAN
Photo
Aadhar/Passport/Votor ID
Proof of principal place of business- Rent Agreement/Utility Bill/NOC/Sale Deed
Partnership Deed
PAN & TAN of firm
Firm Registration Certificate (If register with registrar)
Bank Account Assistance
Free MSME Registration
Ans. Partnership is a group of people who decided to do business together for the main motive of profit. Partnership firm is formed and managed by these people is an agreed manner. Said structure is governed by Indian Partnership Act 1932. Minimum partner in a partnership can be 2 and maximum up to 20.
Ans. Can be easily formed with minimum 2 partners on board and have minimal compliances as comparison to LLP.
Ans. Partnership is considered an unorganised form of a business. This structure is suitable for a small or medium size of business, in which 2 or more person want to work together. You can choose 'LLP' as a oganised form of business.
Ans. Final profit of Partnership firm will get taxable @ 30% (cess & surcharge extra). Partners of the firm can withdraw remuneration from firm and profit of firm is exempt in the hand of partners.
Ans. Registration of a partnership is not compulsory in nature. A firm can be registered under Indian Partnership Act 1932 if registered then legal provision of the said act will get apply in case of any dispute arise in future. A registered firm is always better than a unregistered one.
Ans. Not required but a starting investing amount of capital INR 10,000 can be suggested. Stamp duty to state govt will be paid according to the capital, for example If firm is getting registered in Delhi then stamp duty is 1% of capital with maximum ceiling of Rs. 5,000.
Ans. Around 7 to 15 working Days, all depend on type of firm whether it is getting registered or unregisterd.
Ans. Yes, you can choose but proof of address should be available.
Ans. Income tax return to be filed with income tax department annually and Monthly GST return is to be filed if firm is registered in GST.
Ans. If sales/turnover of the firm is crossed the certain limit (around 1 Cr.) given in Income tax act then tax audit will have to be done as per income tax act.
Ans. Partnership deed is to be prepared by a professional to form a partnership.
Ans. Partnership firm have an option to get register from Registrar of Firm under Indian Partnership Act 1932. A registered firm get a Registration Certificate from registrar of firms (ROF).
Ans. Registered partnership have only right to file a suit/case in a court against any dispute arising between firm/partners/third parties. Provision of Partnership Act will apply to a registered firm. We always advise to go for a registered partnership form or to get register a LLP instead.
Ans. We will advise to go for registration of Limited Liability Partnership (LLP) because of Law incorporation cost, limited liability of partners, legally recognized, registered with Ministry of Corporate Affairs, widely recognized by public and lower formation time.
Ans. Partnership deed will have points like Name of firm, Address of firm, business activity of firm, form's partner, partner's capital, profit sharing ratio, remuneration share, interest on capital etc. other as per partnership act.
Steps
Required Documents
Final Deliverables
FAQs