Best Partnership Firm Registration Services in Chennai
Partnership firms are a great option for home businesses due to their ease of set up, low costs, and minimal compliance requirements. Aanoor global can help you register your partnership firm quickly and easily.
Starting From
₹2,800
with in *5 working days
Partnership Firm
A partnership firm is a business structure in which two or more people agree to share the profits and losses of a business. The partners are jointly liable for the debts and obligations of the business, and they have equal management rights unless otherwise specified in the partnership agreement.
Partnership firms are carried business under the Indian Partnership Act, 1932. The Act sets out the rights and responsibilities of partners, as well as the procedures for dissolving a partnership firm.
Our partnership firm registration service includes:
- Form C registration
- Deed of partnership
- Company PAN registration
- TAN/TDS registration
Essential elements of a partnership firm:
- Minimum of two or more persons as partners.
- The persons must agree to share the profits of a business.
- Partnership firm business will be carried on by any or all of them acting for all.
- Firm must do a lawful business.
- The partners must have a mutual agency relationship.
Disadvantages of forming a partnership firm:
- All the partners jointly liable for the debts and obligations of the business.
- Partners are held personally liable for the actions of other partners.
- Partnerships can be difficult to dissolve.
- Partners may have different goals and objectives for the business, which can lead to conflict.
Documents required for partnership firm registration:
- Partner's PAN and Aadhaar copies
- Passport-size photo
- Office address proof: electricity bill, property tax receipt, or legal ownership document
- Rental agreement with commercial purpose
- Contact number and email address
- Authorized capital
- Partner's shareholding percentage
- Business objective
Benefits of forming a partnership firm:
It is a relatively simple and inexpensive business structure to set up.
Partners can pool their resources and expertise to create a more successful business.
Partners can share the workload and responsibilities to run the business.
Partners can make decisions more quickly than in a larger corporation.
Formation of a partnership firm registration process:
Drafting deed
Preparation of draft for the partnership deed. Execution of partnership deed with applicable stamp paper and the deed is signed with witnesses.
Apply for PAN
Process application for PAN and Form-C to the partnership firm.Sign Form No. 49A (Application for Allotment of Permanent Account Number) with the company seal by an authorized signatory.E-PAN will be allocated in 4-5 working days after the signed physical Form No. 49A is received.
Form-C Registration
Create a login as a firm registration. Fill the online form after login creation.The signed copy of Form I should be uploaded in the online application form. Once the payment is successful, the form will be processed.After verification, Form-C will be issued.
Udyam Registration
After PAN is allocated, GST registration and MSME/Udyam registration can be processed.
Amendment/Changes
If there is any change or alteration in partnership deed. It should be is amended, and it needs to be updated in PAN, GST, and MSME/Udyam registration portals.
Need of Assistance?
Want to know more or assistance about partnership firm connect with our expert team to proceed your registration Overall, a partnership firm can be a good business structure for two or more people who want to share the profits and losses of a business. However, it is important to carefully consider the advantages and disadvantages of a partnership firm before making a decision.
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