Partnership Firm Registration - Proudfiler Compliance LLP

Partnership firms are great for very small businesses. At PROUDFILER, we can register your business as a partnership.

A partnership firm is a registered or unregistered entity that is made up of two or more people who work together to run the day-to-day business and share the profits and losses according to the Profit Sharing Ratio (PSR) in the Partnership Agreement.

Different kinds of partnerships:

The Indian Partnership Act of 1932 says that there are two types of partnerships:

1. Partnership that is registered and

2. Partnership that is not registered

Advantages of a Partnership Firm

When it comes to filings and rules, partnership firms don’t have to do much. The following are some of the other benefits:

1. One of the easiest businesses to start is a partnership. Most of the time, all you need to start a partnership business is a partnership deed.
2. In a partnership business, decisions could be made faster because there is no such thing as a resolution.
3. A partnership firm can raise money more easily than a sole proprietorship firm.
4. Each partner owns and runs the business they are a part of.

Drawbacks of a Partnership Firm

1. Each partner in a partnership firm is personally responsible for the business’s losses.
2. A partnership firm can have no more than 20 people as members.
3. A partnership business would end if one of the partners died or ran out of money.

FEES FOR FORMING A PARTNERSHIP WITH US

Basic Plan

Partnership Deed Drafting
Partnership Deed Notarization
PAN & TAN Registration
GST Registration

Standard Plan

Everything From the Basic Plan +

Udyog Aadhaar (MSME) Registration
Partnership Deed Registration
Assistance in Current Account Opening

Premium Plan

Everything From the Premium Plan +

GST Return Filing For 3 Months
TDS Return Filing For 3 Months
One Application For Trademark Registration

In India, PROUDFILER is the industry leader in Partnership Firm Registration services. Before we begin the engagement, we gather all of the necessary information and documentation. An engagement manager will be assigned to you and will advise you on the sort of registrations to get. A proprietorship registration takes an average of 6-7 working days to complete, depending on government processing time and client paperwork submission. Once the appropriate registrations are collected, an application for a current account is sent to the bank.

For more information, feel free to contact us at EMAIL: info@proudfiler.com or call us at +91-7275103913.