Start your Partnership Firm with our Taxfillingindia team having 10+ years of delivering quality professional services in the legal Registration world. We will Provide our support to register your partnership firm across India along with Documentation, Preparation, filing, and subsequent Follow-up with the registrar of firms.
A partnership firm is where two or more persons come together to form a business and divide the profits in an agreed ratio. The partnership business includes any kind of trade, occupation and profession.The Indian Partnership Act, 1932 governs and regulates partnership firms in India.The persons who come together to form the partnership firm are knowns as partners. There are no restrictions as such with respect to the minimum capital requirement in case of partnership firm. The Partnership firm can be registered even with Rs. 10,000 as total capital.Partnership firm is a legal tool for better tax planning. The partnership firm is a separate entity and its tax is calculated separately so it can offer remuneration and interest to working partners.All the partners are assigned works and responsibilities as per their capability, as mentioned in the partnership deed. Partnership deed helps in avoiding any type of conflicts between the partners.Our Taxfiling India professionals understand clients’ requirements fully and then offer services and our services are highly appreciated in the market.
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There must be minimum of 2 persons to form a partnership firm. If the firm is intended for financial transactions maximum of 10 and for other purposes maximum of 20 persons can form a firm.
The registration of a Partnership Firm in India can take up 2 weeks. It time frame may vary based on state to state
The firm once registered it will be valid for ever. There is no expiry term. However,if partners agreed to close the firm then they can voluntarily dissolve the firm.
It is not Compulsory by law to register your partnership firm.However,there are some benefits as per law if it is a registered firm.
Yes. Stamp duty of Rs.100 shall be paid if capital of the firm does not exceed Rs.500 and Rs.500 of capital exceeds Rs.500 for the document.
a) Name of the Firm;
b) Main place of business;
c) Other places of business;
d) Date of joining of each partner;
e) Each partner’s name and address;
A firm cannot become partner of another firm but a company can become partner of a firm
Yes, you can convert a Partnership firm into a Private Limited company by filing a prescribed form with the authority.
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