Price: ₹3500 (Excluding Govt Fee)

A partnership firm is a corporate entity made up of two or more persons known as business partners who share the company's revenues and losses. It is a structure in which the partners govern the operations of the firm. A partnership firm registration is governed by the Indian Partnership Act, 1932.

PARTNERSHIP FIRM REGISTRATION

A partnership firm is a separate legal entity in itself where partners have unlimited liability. The partnership firm is not concerned with the shares of the partners. The partners are free to transfer or sell their share in the firm. We are the best agency for setting up your partnership firm.

A partnership firm is the most common form of business organization. A partnership firm registration online is generally done in legal terms. The percentage of ownership varies and depends on certain factors. There are different types of partnership firms such as GP, LP, LLP, Partnership at Will, and Particular Partnership.

When you begin a partnership registration there are certain things that you need to consider like the partnership agreement and the nature of the partnership. Different kinds of partnerships have different objectives and different tenure depending on where they are formed,who they're formed by, how they're registered in a smooth way.

Partnership firms are the most common firms in India. These firms are the easiest to start and are usually employed by start-ups. This blog will give you a brief idea about partnership firms and will also touch upon the aspects that are required to be considered while setting up one.

Eagle Master Services package includes

Partnership Deed

Registration Certificate

Free Consultancy

DOCUMENTS REQUIRED FOR A PARTNERSHIP FIRM REGISTRATION:

  • A copy of the PAN cards of all partners.
  • Each partner's passport-sized picture.
  • A copy of each partner's Aadhaar/ voter identity card.
  • Form No. 1 fully completed and stamped with a Rs. 3/- court fee stamp.
  • An authenticated copy of the Notarized or Registered Partnership Deed on Non-Judicial Stamp Paper equivalent to 1% of the capital amount introduced, up to Rs. 5000/-.
  • Documentation evidence of ownership or rent/lease of your company's location. (For example, a power bill, a water bill, or a rent/lease/leave and license agreement for a business location.)
  • Copy of signature of all the partners.
  • Self-attested replicate of all partners' residence verification (any of the following):
    1. Voter ID
    2. Passport
    3. Aadhaar Card

BENEFITS OF CHOOSING PARTNERSHIP

There are various benefits to opt a partnership firm registration online, and some key considerations are as follows:

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EASY TO COMMENCE

A partnership firm registration is simple to establish as there is no obligation to get the firm registered and is easier to maintain over time. Partners in a partnership business have the option of raising their own capital. Eagle master is the agency to help you out with establishing it.

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BRIDGES THE GAP BETWEEN KNOWLEDGE AND EXPERTISE:

If you are the type of person who likes to do things on your own, the idea of partnering with someone may not be for you. However, many entrepreneurs find that partnering with someone can give you access to a wider range of expertise for different parts of your business.

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COMBINED OWNERSHIP AND CONTROL

A partnership firm registration organization with a limited liability structure has shareholders and directors who own the company and are responsible for its management. Director preferences can limit their ability to pursue what they view as the best interests of the company. It is simple to wind up a partnership firm registration.

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PRIVACY

The affairs of a partnership firm are more private than those of a limited company. Limited corporations maintain certain records, which are accessible to the public at Companies House. Shareholders may additionally view certain registers and other documents the company has to maintain. A partnership firm does not require an audit.

NOTARIZED TRUE COPY OF THE PARTNERSHIP DEED STATING THE FOLLOWING

After deciding on the firm's name in partnership registration, a partnership deed is formed. A partnership deed implies that all the members' rights and responsibilities are documented in writing rather than orally.

  • Name and location of the company.
  • Names and permanent addresses of the partners.
  • The company's type of business.
  • The firm's headquarters or major location of operation.
  • Names of any additional locations where the company does business.
  • The date of joining of each partner.
  • Firm's lifespan or duration.
  • The profit-sharing percentage between partners.
  • Each partner's monetary contribution.
  • Applicability of the terms of the Indian Partnership Act of 1932.

You can rely on Eagle Master Services if you wish to register a Partnership Firm. The Eagle Master Services team is available to assist with the formation of your company and provide you with all the necessary support.

Now, Get All Your Legal, Tax, & Compliance Work Done in Just One Click

PROCESS FOR A PARTNERSHIP FIRM REGISTRATION ONLINE:

  • 1

    Submit the following documents

    Upload the essential paperwork for a partnership firm registration with us, and we will ensure that all endpoints are reached with seamless operation.

  • 2

    Verification

    Our team of professionals will then go through all of the documentation that has been provided. We will notify you if there is a rupture and offer you a timeframe to meet the requirements.

  • 2

    Document submission and Payment

    You must submit all the required documents for partnership registration. Once we find the documents appropriate, our team will contact you to deposit an agreed sum after the document submission.