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Partnership firm registration service from Aavana Solutions

PARTNERSHIP REGISTRATION WITH AAVANA


Be it company registration, compliances, or annual financial services Aavana renders all the services catering to your business needs. Having our office in Bangalore, we have PAN India presence offering services to various clients in India and abroad. Our team at Aavana will assist you in understanding the process of registering your Partnership firm and guide you in going through the process in the most professional way.

With a team of professionals, trustworthiness, affordable pricing and on time execution are the reasons why Aavana stand out from the rest.

Partnership registration is one of the most well-known forms of business constitution. It is owned, managed and controlled by an association of two or more persons solely for the purpose of making a profit. These forms of business concerns are popular among small and medium based business organizations that have limited capital. They are relatively easy to form since they require only minimum formalities.

Documents Required for Partnership Registration

Form No. 1 (Application for registration under Partnership Act)

Original copy of Partnership Deed, signed by all partners

Affidavit declaring intention to become partner

Rental or lease agreement of the property/campus on which the business is set

Partnership Registrations Deliverables


  • Issue of Partnership Deed
  • Issue of Form C
  • Issue of GST Certificate
  • Issue of PAN and TAN

PARTNERSHIP REGISTRATION PROCESS


Advantages of Partnership Registration

Easy to Start

A Partnership is easy to form as no cumbersome legal formalities are involved. Its registration is also not essential. However, if the firm is not registered, it will be deprived of certain legal benefits. The Registrar of Firms is responsible for registering partnership firms.

Business Name

Since the name of a Partnership firm is not registered, a Partnership firm can choose to have any name - as long as it does not infringe on a registered trademark. However, since the name is not registered, any other person can also use the same business name unless trademark registration is obtained.

Annual Filing NOT Required

A Partnership firm is not required to file its annual accounts with the Registrar each year unlike a Limited Liability Partnership or Company. Limited Liability Partnership's and Companies are required to file their annual accounts with Registrar of Companies each year.

FAQ's

In a Partnership, the minimum partners required is two and the maximum can be over twenty.
The first and the foremost requirement is that a partner must be an Indian resident. On the other hand, NRIs can only invest in a Partnership Firm, but cannot become partners.
The rule states that there is no minimum capital required to start a Partnership Firm. It can be started with any amount of minimum capital.
Yes. The firm and all the partners are liable for any fraudulent act that causes loss or injury to any third parties.
Though it is not mandatory to have a written partnership agreement, it’s always better to have the Partnership Deed duly signed by all the partners to be in a safer side.


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