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Updated on April 15, 2021 01:35:38 PM
Partnership firm is one of the most popular forms of entity incorporation where two or more people form a business together and share the profits and losses. The registration of partnership is not mandatory but it is highly risky and not recommended by the department and professional experts. This kind of business registration is most suitable for small and medium size businesses as it is easy and economical to manage. Read to know the benefits, process, documents required and fees of partnership firm registration.
Partnership Deed Sample
Partnership Deed Sample
Partnership firm is a business entity registered under the Partnership Act, 1932 where two or more people join together as partners for running & managing a business while sharing the profits and losses in an agreed ratio. Partnership firms can only be registered when the partnership deed is signed and accepted by all the partners of the firm.
Note: It is not mandatory to register a partnership but it is very risky and is not recommended by any professional experts.
Partnership deed is an agreement between the partners in which all the terms and conditions related to business are incorporated. Some of the major terms and conditions mentioned in the deed of a partnership are:
The process of registering your business as a partnership firm is not much complicated. Our experts at Professional Utilities can simplify the whole registration process for you. Register your company online in 3 easy steps:
Step 1: Fill our simple form and receive a callback from our team of experts.
Step 2: Provide all the required documents for registration of the firm and make 50% payment in advance.
Step 3: Your partnership deed and other included documents will be delivered to you and you'll have to make the balance payment.
Minimum two partners
Partners should be the citizens of India
Address proof of business office
The fees for registration of partnership firm depends upon the no. of partners. The total cost of partnership firm registration is ₹1,999 including government & professional fees for two partners.
On average, it takes around 10-14 working days for registration of partnership firm in India subject to document verification by the concerned authorities.
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