Partnership Firm Incorporation in India

Partnership Firm Details

Partnership firm consists by many people these days for their businesses. Here, we will discuss partnership firm details. Partnership firm is one of the common types of business in the unorganized sectors of India. In a partnership business, two or more people come together and signs the partnership deed thereof, and share the profit in an agreed ratio. Partnership firms are easy to incorporate and the compliance included in this type of business is minimal. Now, the partnership firm registration in india is easy, see below the process: 

Partnership firm registration process

1. Submitting the online application to the state Registrar of Firms containing details such as: 

a) Partnership Firm’s Name

b) Partner’s name and address

c) Place of business (includes main office and branch offices address)

d) Partnership Duration

e) Date of joining of partners

f) Date of commencement of business

2. The duly signed copy of the Partnership Deed

3. Stamp duties and partnership firm registration fees.

4. Approval and issue of incorporation certificate for partnership firm.

Documents required for partnership firm registration

The partnership firm registration process is quite simple the applicant needs to furnish the application form along with prescribed fees to the Registrar of firms of the state. Now, you can partnership firm registration number check online. In addition to this following documents are also required to be submitted:

i. Application for partnership e firm registration in Form No. 1

ii. Duly signed specimen of affidavit

iii. Original copy of partnership deed

iv. Address proof of firm

• Own office – Copy of any utility bill such as electricity bill/water bill/landline bill and so forth
• Rented office – Rent agreement along with any utility bill and No objection certificate (NOC) from the owner

Advantages of a partnership firm

• Less compliance
• Simple to start
• Comparatively cheaper

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