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Partnership Firm Registration

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Partnership Firm Registration

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PRICE:7,999 4,999

PARTNERSHIP FIRM

Partnership Firm is just like an arrangement where parties,known as Partners,agree to cooperate to advance their mutual interests.Partnership Firm allows joint ownership of a business.Partnership firm are good for small business entity in unorganized sector.

In partnership Firm basically the Partner’s percentage of ownership various and depends on certain factors.Partnership firm has no limit on the minimum capital for their establishment .The partnership is very easy to startup a company.Partnership recognized by a government body may enjoy special benefits from taxation policy.

Partnership Firm registration is done by Filingbazaar.com

Inclusive In Our Service

Drafting of Partnership Deed
Name Search & Approval
PAN & TAN
MSME Certificate (Optional)

Documents Required For Partnership Firms(All Soft Copy)

Self-Attested PAN card copy of All the Partner.
Self- Attested Proof of Identity (Like-Voter ID, Passport, Driving License, Aadhar Card) any one of All the Partner.
Business address proof (Any One of Electricity Bill, Telephone Bill, Property, Gas Bill, Tax Bill).
Firm Name .
Firm Service or object or product Name.

Procedure for Partnership Firm registration

After the payment received from you, we will do the following procedure…

Document Preparation & create Partnership Deed (1- Day).
send you Partnership Deed for Sign. ( 1- Day)
Received Partnership Deed Sign copy Document and Apply PAN And TAN.
Sending you Partnership Firm Kit.

ADVANTAGES OF PARTNERSHIP FIRM

Business is easy to establish and start-up costs are low.
Partner’s will have greater borrowing capacity.
Partnership agreement among the partners to share the profits earned and losses.
Partnership business solely good faith and trust among partners.
In partnership business,each partner has unlimited liability in the firm.
Partnership business is flexible,as suitable changes can be easily introduced whenever necessary.

DIR-3 KYC FILING

PRICE: 999 799
Company Annual Filing

PRICE: 4000 3000
LLP Annual Filing

PRICE: 4000 2999

Compare Related Services

	Private Limited Company	One Person Company	Limited Liability Partnership	Partnership Firm	Proprietorship Firm
Act	Companies Act, 2013	Companies Act, 2013	Limited Liability Partnership Act, 2008	Indian Partnership Act, 1932	No specified Act
Registration Requirement	Mandatory	Mandatory	Mandatory	Optional	No
	Registration under the Act is mandatory to set up business as a Private Limited Company	Registration under the Act is mandatory to set up business as One Person Company	Registration under the Act is mandatory to set up business as a Limited Liability Partnership	Both registered and unregistered partnerships are legal, but registered entity is preferred	There is no registration criteria prescribed. But, registration to establish a legal identity is recommended
Number of members	2 – 200	Only 1	2 – Unlimited	2 – 50	Only 1
	Requires minimum 2 and not more than 200 shareholders	Only an individual,and an Indian resident can be the shareholder	No bar on maximum number of partners, but minimum 2 Designated Partners are required	It is formed with minimum 2 partners, but not exceeding 50	The proprietor is the only owner of the firm
Separate Legal Entity	Yes	Yes	Yes	No	No
	Private Company is separate entity and can own assets in its name	OPC is separate entity and can own assets in its name	LLP is separate entity from partners and can own assets in its name	Partnership firm does not have any separate identity from its partners	Proprietor and business are the same and not different
Liability Protection	Limited	Limited	Limited	Unlimited	Unlimited
	Liability of members is limited to the extent of unpaid value of shares subscribed	Liability of member is limited to the extent of unpaid value of shares subscribed	Liability of partners is limited to the capital amount agreed to introduce	Partners are jointly and severally liable to pay the debts of the Partnership Firm	Proprietor’s liability is to pay-off all the debts and obligation of a firm
Statutory Audit	Mandatory	Mandatory	Dependent	Not mandatory	Not mandatory
	Auditor must be appointed within the 30 days of incorporation	Auditor must be appointed within the 30 days of incorporation	Applicable when turnover exceeds INR 40 Lakh or contribution exceeds INR 25 Lakh	Statutory audit not applicable. Tax audit may be applicable based on turnover	Statutory audit not applicable. Tax audit may be applicable based on turnover
Ownership Transferability	Restricted	No	Yes	No	No
	Shares can be transferred with the consent of other Shareholders	Shares are not transferable easily	Ownership can be changed with consent of other partners	Ownership is not transferable easily, clause of partnership deed should be referred	Firm is no different from proprietor and so ownership is not transferable
Uninterrupted Existence	Yes	Yes	Yes	No	No
	Change in members or director does not affect the existence of Private Company	Change in members or director does not affect the existence of OPC. The nominee will take place of member	Change in Partners or Designated Partners does not affect the existence of LLP	Change in partner leads to dissolution or formation of another partnership firm	Death or insolvency of proprietor directly affects the firm
Foreign Participation	Allowed	Not Allowed	Allowed	Not Allowed	Not Allowed
	Foreign national are allowed to invest under the Automatic Route	Member, nominee and director must be an Indian resident	Foreign nationals are allowed, subject to FDI Guidelines	Foreign nationals are not allowed to be a partner	Foreign Nationals cannot commence proprietorship business
Tax Rates	Moderate	Moderate	High	High	Low
	Tax rate applicable for small companies is reduced to 22%	Tax rate applicable for small companies is reduced to 22%	With tax rate of 30% on business profit, tax benefits to partners is high	With tax rate of 30% on business profit, tax benefits to partners is high	Tax rates of individual applied to Proprietorship Firm
Statutory Compliances	High	Moderate	Moderate	Less	Less
	Apart from Annual filings, it has to comply with various provision laid down, but less compared to public company	Apart from Annual filing, compliances are less compared to Private Company	Annual filing and few event based filings are necessary	Separate ITR of partnership is filed, else there is no filing requirement	No compliances and no requirement to file a separate ITR
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