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Grow your business through partnerships

Due to easy of incorporation, it remains a preferred choice for businessmen looking to save time and money. Bring in more credibility to your business venture.

Price Starts RS @ 2,999 /-

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Partnership Registration process

Step 1
Prepare documentation
Step 2
Fill the application form
Step 3
Submit the application form
Step 4
Wait for processing
Step 5
Process complete

Partnership Registration in India

What is a partnership firm Registration?

Partnership firm registration is the process to incorporate a partnership firm – a business with unlimited liability and comprised of partners jointly venturing towards a common goal. 

What is a partnership firm?

A partnership firm is a form of business entity where two or more partners come together to do business through mutually agreed upon terms. The agreements of these terms are specified in the partnership deed. Only after the partnership deed is accepted by the partnership registry, the partnership firm registration is complete.

Following are the features that you have to look forward to if you are applying for online registration of a partnership firm in India:

  1. There is a minimum of two partners
  2. The partners may or may not share the responsibilities of the business.
  3. Through the partnership, you can bring more capital into the business.
  4. Risk is shared in a partnership form
  5. Annual returns are not necessary to submit
  6. All the tasks that this business venture performs, all the profits that are shared among the partners and all the responsibilities of those partners have to be per the partnership deed registration.

Eligibility Criteria for Partnership Registration in India

Following is the eligibility criteria for register a partnership in India.

  • There is a minimum of two partners
  • The partners may or may not share the responsibilities of the business.
  • Risk is shared in a partnership form
  • All the partners should agree to the terms mentioned in the partnership deed.

Documents Required for Partnership Registration in India

Following are the documents required for partnership firm registration in India:

  • Application for partnership firm registration in the prescribed Form – I.
  • Duly filled Specimen of Affidavit.
  • Certified copy of the Partnership deed on appropriate non-judicial stamp paper.
  • Proof of ownership of the place of business or the rental/lease agreement thereof.
  • Affix court fee stamp & payment of prescribed partnership firm registration fee by demand draft.

Process for Partnership Registration in India

The partnership firm registration process varies from state to state. In some regions, you can get the partnership registration online. However, in most cases, the incorporation process is still offline. The reason behind this is the age of the Partnership registration act. It was established in 1932 and have not gone through any changes since then.

Thus, the process of partnership company registration that you must follow is:

  1. First, partners are appointed for the process.
  2. The first draft of the partnership deed is created.
  3. Changes are made to the draft as per the requirement of the partners
  4. Application is filed to the partnership registrar’s office you can submit the partnership deed registration online if your state allows it).
  5. The registrar assesses the partnership deed and the application.
  6. A partnership registration certificate is granted and the partnership deed is certified.

After you have procured the partnership firm registration certificate, your start your business operations right away. 

The process of partnership firm name registration is not an easy one. Therefore, the experts of Registrationwala help you in any way necessary. Through our partnership registration facilities, you can start your business as a partnership firm in no time.

Our Assistance in Partnership Registration in India

We, at Registrationwala, provide end to end solutions for Partnership registration in India. Our services include:

  • Collection of basic information.
  • Drafting the partnership deed.
  • Reviewing the application and making changes if needed
  • Submitting the final deed and filing the partnership registration application.

Registrationwala.com is a leading legal consultancy firm providing comprehensive services relating to partnership registration. Our expert team will provide you full-fledged assistance required for the seamless registration of a Partnership firm. 

 

Frequently Asked Questions?

What is a Partnership firm?

A partnership firm is a form of business entity where two or more partners come together to do business through mutually agreed-upon terms.

 

What is partnership firm registration?

Partnership firm registration is the process to incorporate a partnership firm under the Partnership Registration Act, 1932. It is a business with unlimited liability and comprised of partners jointly venturing towards a common goal.

 

What are the features of a partnership firm?

Following are the essential features of a partnership firm:

  1. There is a minimum of two partners
  2. The partners may or may not share the responsibilities of the business.
  3. Through the partnership, you can bring more capital into the business.
  4. Risk is shared in a partnership form
  5. Annual returns are not necessary to submit

 

How to incorporate a partnership firm in India?

The partnership registration process entails the following steps:

  1. Drafting the partnership deed
  2. Getting the consent of all the partners
  3. Furnishing the remaining documents
  4. File the partnership firm registration application
  5. Wait while the state department assesses your application
  6. Get the partnership firm registration certificate

 

What are the documents required for partnership firm registration?

Following are the documents required for partnership firm registration in India:

  1. Application for partnership firm registration in the prescribed Form – I.
  2. Duly filled Specimen of Affidavit.
  3. Certified copy of the Partnership deed on appropriate non-judicial stamp paper.
  4. Proof of ownership of the place of business or the rental/lease agreement thereof.
  5. Affix court fee stamp & payment of prescribed partnership firm registration fee by demand draft.

 

What is the partnership deed?

The partnership deed is the principal document of a partnership firm. It contains the:

  1. Details of the partners
  2. Profit-sharing ratio
  3. responsibilities of the partners
  4. Method to handle disputes
  5. Share transfer policies
  6. Partnership duration.

 

What is the validity of a partnership firm?

The partnership firm’s validity depends upon the partnership deed. If the partnership deed states the duration and the last date of the partnership, the validity of the firm will exist accordingly.

 

Can you transfer shares in a partnership firm?

Yes, shares can be transferred in a partnership firm but it is subject to the terms of the partnership deed. However, conventional terms state that share transfer can only occur after receiving the consent of all the partners.

 

How do partners in the partnership firm get paid?

Partners get paid by withdrawing funds from the earnings of the firm. 

 

Are profits equally shared among the partners?

Profits are shared among the partners in a partnership firm as per the partnership deed. If it states in the deed that profit shall be shared equally among the partners, then that shall be the case.

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