Scanned copy of PAN Card of all directors
Voter ID/Passport/Driver's License
Scanned copy of Any of all these.
Latest passport size photograph
Proof of Registerd Office
What do you get from our side
PAN number of the company to open a bank account
TAN number of the company
Notarised Partnership Deed
Advantages of Partnership
Easy to form
Like sole proprietorships, partnership businesses can be formed easily without any compulsary legal formalities. It is not necessary to get the firm registered. A simple agreement or parnership deed, either oral or in writing, is sufficient to create a partnership.
The partners are the owners of the business. Each of them has equal right to participate in the management of the business. In case of any conflict, they can sit together to solve the problem
Flexibility in operations
A partnership firm is a flexible organization. At any time, the partners can decide to change the size or nature of the business or area of it’s operation. There is no need to follow any legal procedure.
In a partnership firm all the partners “share” the business risks
Compare your options
|Private Limited||Limited Liability Partnership||One Person Company||Partnership Firm||Sole Proprietorship||Public Limited Company|
|Recommended For||Start-ups and growing companies||Professional services firms||Sole promoters||Home businesses||Small traders and manufacturers||Growth Stage and also for early stage with broad business vision|
|Ease of Accommodating Investment||Very easy to accommodate||Possible, but unlikely||Possible, but severely unlikely||Almost impossible||Impossible||Very easily|
|Limited Liability Protection||Yes||Yes||Yes||No||No||Yes|
|Tax Advantages||Few benefits||Most efficient||Few benefits||Minimal||Minimal||Minimal|