PARTNERSHIP FIRM
Partnership firm registration is the process of registering a partnership firm with the Registrar of Firms of the state where the firm is located.
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What is Partnership?
Partnership firm registration is the process of registering a partnership firm with the Registrar of Firms of the state where the firm is located. It is not mandatory to register a partnership firm, but it is advisable to do so as it provides legal benefits and protection to the partners and the firm.
To register a partnership firm, the partners need to submit an application form along with a fee and some documents to the Registrar of Firms. The documents include a partnership deed, PAN card of the firm, address proof of the firm, identity and address proofs of the partners, and an affidavit. The partnership deed is a written agreement that contains the rights and duties of the partners and the firm. It is created on a judicial stamp paper and signed by all the partners.
Document List Partnership Firm
The following are the document necessary for the online registration of the partnership firm:
- Application form 1
- Registered Document Partnership Firm
- Valid ID Proof.
- Passport
- Driving License
- Rent Agreement
- House Tax Reciept
Registration Fees For Partnership Firm in India
The total fee for Partnership firm registration in India is Rs 11,999 which includes the Government fee as well professional fee of GSTBOY.COM.
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What Are The Eligibility Criteria For Registering a Partnership Firm?
The eligibility criteria for registering a partnership firm in India are as follows:
- There should be a minimum of two partners who agree to carry on the business and share the profits and losses in an agreed ratio.
- The partners may or may not share the responsibilities of the business, but they should have a common goal and mutual trust.
- The partners should be competent to enter into a contract or agreement, which means they should be of the age of majority, sound mind, and not disqualified by any law
- The partnership firm should have a lawful object and should not be engaged in any illegal or immoral activities.
- The partnership firm should have a unique name that does not resemble any existing firm or trademark.
- The partnership firm should have a principal place of business where it carries out its operations and maintains its books of accounts
These are the basic eligibility criteria for registering a partnership firm in India. However, depending on the state where the firm is located, there may be some additional requirements or formalities that need to be fulfilled. Therefore, it is advisable to consult a professional or visit the official website of the Registrar of Firms of your state for more information.
Frequently Asked Questions
If you are still thinking about opting for GSTBOY.COM you can always check out the common queries about our service and support.
Partnership Firm online Registration is a service provided by the Indian Government to apply for registration of a Firm Under the Indian Partnership Act,1932.
The fee for online registration process of Partnership Firm is RS 11,999 at GSTBOY. But it may very from state to state.
The documents required for partnership firm registration are Application Form 1,Copy of Partnership Deed,Valid ID Proof,Passport etc.