Partnership Registration | Partnership Firm Registration | Partnership Registration Process 

Partnership Registration | Partnership Firm Registration | Partnership Registration Process | Partnership Registration Process Online | Partnership GST Registration Process | Partnership Registration Certificate
00:00 Introduction
00:32 What is Partnership?
01:32 Features Of Partnership Firm
02:25 Benefits Of Partnership Firm
03:06 Documents Required For Partnership Firm
03:46 Process for Partnership Firm
04:18 How can we help you?
A partnership can be between individuals, business groups, governments, and many other organizational bodies. Partnership firms can have limited liability or unlimited liability. It is mainly done to make things achievable in a profitable manner.
Business can be between two companies making joint ventures. Partners can be for research projects as well as industrial projects.
People make partnership firms have a stronger position in the market and increase their profit share. Partnership Firm Registration in India makes that company a legal entity.
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 or better-called partnership agreement.
Only after the partnership deed is accepted by the partnership registry, the partnership firm registration can be completed.
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.
Features of Partnership Firm Registration in India
1. A minimum of two partners’ requirements.
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 firm.
5. The liability of the member partners is unlimited in the partnership firm. The losses incurred must be paid by the member partners, even by giving their personal income.
6. Annual returns are not necessary to submit.
7. All the tasks that the business venture performs, all the profits that are shared among the partners and all the responsibilities that are shared by the partners have to be per the partnership agreement.
Partnership Firm Registration Documents Required
Required Documentation to file for Partnership Firm registration online of a business entity is mentioned below:
1. Application for partnership firm registration online in the prescribed Form-I format.
2. Duly filled specimen of Affidavit.
3. Certified copy of the Partnership agreement on appropriate non-judicial stamp paper. Partnership Deed or Partnership Agreement contains rules and regulations to govern the partnership arrangement among its member partners. Following are the things that must be contained in a partnership agreement:
a. Nature of business to be carried on.
b. Name and address of the firm as well as all the partners.
c. Duration of partnership (whether for a fixed period project).
d. Capital contribution by each partner.
e. Date of commencement of business.
f. The profit-sharing ratio among the partners.
4. PAN card of the firm (file in the FORM 49A format to get the firm’s PAN card)
5. Proof of ownership of the place of business or the rental/lease agreement GST registration number of the firm
6. Current bank account details
7. Affix court fee stamp and payment of registration fee by the demand draft
Partnership Firm Registration Online Process
1. Reserve The Name For Your Partnership Firm
2. Application for Partnership Firm Registration
3. Partnership Deed Agreement Registration
4. Submitting Documents
5. Verification
6. Opening a Bank Account for the Partnership
Partnership Firm Registration Cost
The registration cost of a Partnership Firm in India varies from State to State according to their stamp duty rules. Let me give you details of the Partnership Firm Registration Cost
in Delhi.
Cost of stamp duty: 1% of Capital Minimum- Rs. 200 and Max- Rs. 5000
If the capital invested by the partners is
• Less than one lakh, the partnership firm registration cost will be 1000 rupees.
• Between one and five lakhs, the partnership firm registration cost will be 2000-5000 rupees.
• Between five and ten lakhs, the partnership firm registration cost will be 5000 rupees.
• More than ten lakhs, the partnership firm registration cost will be 10000 rupees.
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