🤝 Partnership Firm Registration
✅ Services Covered:
- 📝 PAN Application: Assistance with obtaining a PAN card.
- 📜 Partnership Deed Drafting: Professional drafting of the partnership deed.
- 🖋️ Filing of deed and other documents with the Registrar of Firms: Ensure your firm is properly registered.
- 📄 Issue of Registration Certificate: Receive your official registration certificate.
- 📱 ProKhata App: Manage your business Khata on the go.
- 🎁 Exclusive offers from our Partner: Enjoy special benefits.
- 💳 ICICI Bank – Account Opening Offer: Avail offers on account opening.
- 💼 Freshworks – Offers: Get exclusive offers from Freshworks.
🎯 Who should Buy:
- 💡 A group of at least 2 people having a business idea.
- 🏢 Small businesses looking to use a pool of resources contributed by multiple people.
- 📋 Any existing unregistered Partnership Firm.
📝 How it’s Done:
- 💳 Purchase the Plan: Choose the plan that suits your needs.
- 👨💼 Session with ProKhata Expert: Discuss and plan your registration.
- 📤 Upload Documents on Vault: Submit the required documents.
- 📜 Partnership Deed Drafting: Professional drafting of your partnership deed.
- 📄 Filing of application with Registrar: Ensure all documents are filed properly.
- 📃 Receipt of Registration Certificate: Receive your official registration certificate.
Estimated Time: 10 days
📄 Documents to be Submitted:
- 📜 Address proof of partners.
- 🆔 Photo ID proof of partners.
- 📄 No objection certificate from the owner of the property.
- 📜 Ownership proof.
- 🏠 Rent agreement of your registered office.
❓ FAQs:
📃 What is a Partnership Firm?
A Partnership is where two (or more) people join hands to carry out a business for profit. The partners become joint business owners and carry out operations governed by the partnership deed. The regulations are minimal, making it an attractive option for businesses with joint owners. However, in a partnership firm, the partners are jointly and individually liable for the firm’s debts. This structure is ideal if there are no or minimal requirements for external funds and low risk of bad debts, for example, consultancy firms.
📄 Why should a Partnership Firm go for registration?
Partnership firms are governed by the Indian Partnership Act, 1932. Under the act, registration is not mandatory but advisable due to the following reasons:
- Partners cannot file a case in any court against the firm/other partners unless the firm is registered.
- The unregistered firm or its partners cannot file a case against a third party for breach of a contract, but the third party can file against the firm.
- In case of a dispute with a third party, the unregistered firm or any of its partners cannot claim a setoff.
📅 When should we apply for registration of our partnership firm?
A partnership firm can be registered either at the time of its formation or subsequently. The application for registration is to be made to the registrar of firms in the region where the business is situated. It is advisable to get the firm registered as soon as it starts its business to avail the rights that can be enjoyed only by a registered firm.
🔖 Guidelines for choosing a name for the firm:
- The name of a partnership firm should not contain any words indicating the approval/support of the government unless the government has given written consent for the use of such words.
- The name must not be too similar to that of another existing firm doing similar business.
- The name must not contain words like Crown, Emperor, Empress, Empire or any other word indicating government approval.
🔖 What will be the government fee for firm registration?
The government fees applicable varies from state to state based on partner contribution. In most states the fee falls in range of Rs.1000-1500 along with stamp duty. Our experts will guide you on this. You will be charged only on actual government fees.
