Partnership Firms

Partnership is a legal relationship between two or group of people entering into an agreement, either written or oral, to carry on a business with an intention of sharing the profits or loss earned out of such business. The relationship between the partners under this situation is termed as a Partnership.

It is easy to start: A Partnership comes into existence the moment the partnership deed is executed and signed by all the partners. Intimation of the same with regulatory authority should be completed within 7 to 15 days of execution of the partnership deed.

No Prescribed Minimum Capital: There is no prescribed limit of minimum capital required on formation. Partners can start with any capital which suits their business.

Minimal Compliance: It requires minimal compliance.

A Sense of Ownership: Every partner owns and manages the activities of the firm. This Ownership creates a sense of accountability, which paves the way for a diligent workforce.

• PAN Card of all Partners (Self attested)
• Identity Proof of all Partners - Aadhar Card or DL or Voter ID or Passport (Self attested)
• 1 Passport size photo of all Partners
• Proof of the Office address (Rental Agreement in the name of the Partnership. We also provide help with drafting of such agreements)
• Copy of Latest Electricity Bill or Property Tax paid receipt of Office address.

• Collection of documents
• Drafting of Partnership Deed
• Application for Registration
• Approval of Partnership Deed with registration certificate
• Application for PAN and TAN after registration

• Certificate of Partnership Firm
• Partnership Deed
• PAN of Partnership Firm
• TAN of Partnership Firm
• Firm Seal