Partnership Firm Registration in Delhi
A partnership is one of the most accepted and important form of business entity, where two or more person join together for business purpose & share the profits & losses between themselves in an agreed ratio. Partnership firm is the right choice for Small & Medium Sized business enterprises & it is popular due to its ease of formation & minimal compliances. The liability of partners of the partnership firm is unlimited. Moreover, partnership firms are governed & regulated under the Indian Partnership Act, 1932 & As per the Act, there are two types of partnership a partnership firm in India;
- Registered Partnership
- Unregistered Partnership
In partnership firm, two or more person join together to work through mutually agreed terms & conditions. The contract of such terms & conditions are specified in the Partnership Deed. It is not mandatory to register the partnership deed, but it is always advisable to register partnership deed.
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BASIC PACKAGE @3,000/-
PARTNERSHIP DEED (
)
NOTARY OF PARTNERSHIP DEED ()
DRAFTING OF LEGAL DOCUMENTS ()
STAMP DUTY ()
DSC (
)
PAN & TAN ()
OPENING OF BANK ACCOUNT ()
GST REGISTRATION ()
MSME REGISTRATION ()
LOGO DESIGNING ()
TRADEMARK REGISTRATION ()
(Excluding Government Fee)
DOMAIN NAME REGISTRATION & WEB HOSTING FOR ONE YEAR ()
WEBSITE DESIGNING ()
EXPERTS ASSISTANCE ()
ADVANCE PACKAGE @7,000/-
PARTNERSHIP DEED ()
NOTARY OF PARTNERSHIP DEED ()
DRAFTING OF LEGAL DOCUMENTS ()
STAMP DUTY ()
DSC ()
PAN & TAN ()
OPENING OF BANK ACCOUNT ()
GST REGISTRATION ()
MSME REGISTRATION ()
LOGO DESIGNING ()
TRADEMARK REGISTRATION ()
(Excluding Government Fee)
DOMAIN NAME REGISTRATION & WEB HOSTING FOR ONE YEAR ()
WEBSITE DESIGNING ()
EXPERTS ASSISTANCE ()
PREMIUM PACKAGE @25,000/-
PARTNERSHIP DEED ()
NOTARY OF PARTNERSHIP DEED ()
DRAFTING OF LEGAL DOCUMENTS ()
STAMP DUTY ()
DSC ()
PAN & TAN ()
OPENING OF BANK ACCOUNT ()
GST REGISTRATION ()
MSME REGISTRATION ()
LOGO DESIGNING ()
TRADEMARK REGISTRATION ()
(Excluding Government Fee)
DOMAIN NAME REGISTRATION & WEB HOSTING FOR ONE YEAR ()
WEBSITE DESIGNING ()
EXPERTS ASSISTANCE ()
Documents Required
- Identity Proof of Partners
- Address Proof of Partners
- Registered Office Address Proof
Registration Process
- Select Name of the Firm
- Drafting & Notarising the Partnership Deed
- Execution of Partnership Deed
- Applying PAN for the firm
- Bank Account opening
- File application Form for Firm registration
- Partnership Registration Certificate
Key Benefits of Partnership Firm Registration
- Simple to Start
- Minimum Compliance required
- No need to Audit its Account
- Easy to Dissolve
Disadvantages of Unregistered Partnership Firm
- Partners Cannot Sue each other
- No right to Sue the third Party
- Other Party Can Sue the Partners
- No right to claim Set-Off
- No right to file lawsuits to enforce a conferred right
Frequently asked questions (FAQs)
What is Partnership Firm?
When two or more person join together to carry on business to share profits & losses among themselves in an agreed ratio. The liability of partners is unlimited. Partnership Firms are governed under Partnership Act, 1932.
Who can become partner in the Partnership Firm?
In a Partnership Firm, any person who is eligible to enter the contract can become partner. It may be an individual, company, partnership firm or any other body corporate.
Is it necessary to register a Partnership firm in order to start the business?
No, it is not necessary to register a partnership firm in order to start a business operation. Partnership firm can be unregistered too, i.e Notarised Partnership deed which need not to register with the registrar of partnership firms. Notarised partnership deed is acceptable for opening of bank account, Business Registrations like GST, MSME, etc.
What are different types of partnership firms on the basis of registrations?
There are two types of partnership firms on the basis of registrations. They are
- Registered Partnership Firm
- Unregistered Partnership Firm
What is the process for Partnership Firm Registration?
Partnership registration process can be done online & it does not require submission of any physical documents. While filing the application form (Form No. 1) for Partnership registration, all the mandatory details such as Firm details & partners of the firm details must be filed correctly & duly signed. If the details do not match with the documents, then there is a chance of rejection or resubmission of the application which will delay the registration process. Here is the process for Partnership firm registration;
- Choose the name of the firm
- Drafting the partnership deed
- Execute the partnership deed
- Apply for PAN of the Firm
- Opening Bank Account
- Filing of Form No. 1
- Certificate of Partnership registration
What are the documents required for the registration of Partnership Firm?
Partnership firm registration can be done online. Once the application is filed, all the supporting documents are required to be attached with Form No. 1 (application form) & submit it to the online portal. Here are the mandatory documents required for Partnership firm registration-
- PAN Card
- Aadhaar card
- Passport size photographs
- Latest bank statement
- Partnership Deed
- Registered office address proof
What are the advantages of Partnership firm registration?
There are various benefits for registered partnership firm. Here are the key benefits for the registration of Partnership firm;
- Easy to form
- Minimum Compliance required
- No need to Audit its Account
- Easy to Dissolve
What are the disadvantages of Non-Registration of Partnership Firm?
Partnership firm can be both registered & unregistered. Unregistered partnership firm & there partners undergo the following consequences
- No right to sue other party
- No partners can sue each other
- Other Party Can Sue the Partners
- No right to claim Set-Off
- No right to file lawsuits to enforce a conferred right
