Overview:-
Governed under the Partnership Act,1932 a partnership firm is one of the oldest business entities to start any business for two or more people. A partnership is an agreement between two or more people who have promised to share their profits and losses as per the business carried by all or one of them as per their mutual understanding and stated the same in Section 4 of the Indian Partnership Act. It is always great to mention everything with full transparency in a partnership agreement because of the no. of people involved.
Benefits:-
- Very easy to start and simple to understand.
- Decision-making is easier because of the number of people involved.
- More business opportunities due to more funds.
- Complete sense of ownership yet shared responsibility
- Unlimited Liabilities with each partner.
What kind of business should opt for a partnership firm?
- Any business where 2 or more people want to be involved.
- Business where you need responsibility sharing like businesses related to finances or gold.
Documents Required:-
- Certified copy of partnership deed.
- Certified copy of Marathi Translation Partnership Deed.
- Rs. 100 blank stamp paper.
- An authority letter signed by firm partners.
- Covering letter with Rs. 5 court fee stamp.
- Demand Draft (Depends upon the partnership capital)
Steps to start:-
- Drafting of Partnership deed.
- Application for Registration
- Certificate of Registration.
- Application for Pan and Tan
What we offer:-
- Drafting of Partnership Deed
- Name search & approval
- TAN
- Partnership Pan Card
Note:-
For now this service is available only in Mumbai