Partnership Firm

Partnership Deed
Notary and Stamping of Partnership Deed
Pan No.

Documents Required

Only Scanned Copies are needed, Scanned copy of PAN Card of all directors and Aadhar card/ Voter ID/ Passport/ Driving

Pan Card

Scanned copy of PAN Card of all directors

Voter ID/Passport/Driver's License

Scanned copy of Any of all these.

Photo

Latest passport size photograph

Proof of Registerd Office

What do you get from our side

PAN Card

PAN number of the company to open a bank account

TAN Number

TAN number of the company

Notarised Partnership Deed

How long does it take?

5-6 DAYS

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.

Better decisions

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.

Sharing risks

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
Perpetual Existence	Yes	Yes	Yes	No	No	Yes
Statutory Compliances	High	Low	High	Minimal	Minimal	Yes
Shares Listing						Yes

See Our Blogs

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Requirement for Having Director Identification Number

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Is Digital Signatures Certificates are mandatory in case of Company registration?

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Is roll checks are mandatory for Directors inMinistry of Corporate Affairs website

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What are the Liabilities of the subscriber in case of One Person Company?

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Can we Change in the nominee by the member of OPC?

Any such change in the name of the nominee person in the Memorandum of Association of the OPC shall not be deemed to be an alteration of the memorandum....

Change in the name of person nominated in the Memorandum shall not be deemed to be alteration in the Memorandum of Association

Can OPC Change in the nominee by the member of OPC?

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Requirements of minimum paid-up capital

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Main condition for Section 8 Company registration

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Restriction on alteration in the Memorandum and Articles of a charitable company licensed u/s 8

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Mandatory Conversion of One Person Company into Private Limited or Public Company

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OPC has to convert into Private or public limited company within 6 months

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Rajya Sabha passes Companies (Amendment) Bill, 2020

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