Partnership Firm Registration Online Process in India – Enterslice


Presentation Description

A Partnership Firm is a organization that are Registered by a group of people with Partnership Deed. Know the process, Fees of Partnership Firm Registration.. Partnership firm registration requires drafting of partnership deed, notary and stamping of deed.


Presentation Transcript

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ENTERSLICE FINTECH Partnership Firm Registration An Enterslice Fintech Doc

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An Enterslice Fintech Doc Overview Partnership Firm is the most suitable type of business structure as it is very easy to form and a minimum of two people are required to form a Partnership Firm online. In a Partnership firm there are very minimal compliances in comparison to other business entities.

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An Enterslice Fintech Doc In simplified language we can say that partnership creates a relationship between two or more people who have agreed to carry on a business for profit and these people are known as partners. Enterslice is Indias leading platform in providing professional legal services through an online platform and our team of professionals can make the Partnership Firm Registration process quick and hassle-free.

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Fewer Compliances minor cannot become a partner Flexibility in decision making Inexpensive to establish Minimum two persons Responsibilities duties are shared Easy to set-up Minimal legal formalities FEATURES Essential Points to Choose it

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An Enterslice Fintech Doc Consequences Without Partnership Firm registration a partner cannot enforce its rights given under the Indian Partnership Act 1932. In case of dispute with the third party the firm cannot claim for setoff however the third party will be able to sue the Partnership Firm.

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1 2 3 4 5 6 OWNERSHIP Ownership documents in case property are owned. FORM 1 Partnership Firm registration application in Form 1 DEED Certified Copy of notarized Partnership Deed on stamp paper AFFIDAVIT Specimen of Affidavit RENTAL If the property is on rent then rental agreement as a proof of principal place of Business ID PROOF ID Proof and address proof of all the partners PAN/ Aadhar Card/ Driving License/ Copy of voter ID/ Passport DOCUMENTS FOR REGISTRATION

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1 Detail of the firm and its partners such as name and address 3 Detail of capital contributed by each Partner 5 Interest on capital invested 2 Nature of the Partnership Firm 4 Profit/loss sharing ratio among the partners COMPONENTS OF THE PARTNERSHIP DEED

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COMPONENTS OF THE PARTNERSHIP DEED 1 Detail of drawings by partners or loans provided by partners 2 Salaries commissions or any other amount to be payable to partners 3 Rights and duties/obligation of each Partner 4 A process which will be followed in case of retirement or death of any partner 5 Other mutually decided clauses

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Architecture Presentation It is mandatory for partnership firms in India to obtain Permanent Account Number and Tax Deduction Account Number from the Income Tax Department after Partnership Firm Registration. TAX COMPLIANCES FOR FIRM Partnership Firm has to file a return of income irrespective of the revenue or loss. In the case of a partnership firm the income tax rate on the total income will be 30 and surcharge on income tax.

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Post Partnership Firm Registration Requirements you have to open a bank account on the name of the partnership firm within 30 days of the partnership firm registration. G S T R E G I S T R A T I O N 0 1 0 2 0 3 0 4 0 5 S T A T I O N A R Y D R A F T I N G D O C U M E N T S I N T E L L E C T U A L P R O P E R T Y R E G I S T R A T I O N BANK ACCOUNT OPENING Intellectual property registration gives protection to the trademark and patent from infringement and duplication. The partnership firm shall set up policies and enter into certain agreements on the basis of its structure. The next step is the printing of stationery such as billheads and letterheads consisting of the name of the firm. GST Registration is required for Business with annual turnover exceeds Rs. 40 Lakhs Rs 20 Lakhs for Northeast states.

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Fill The Form 1 Get a Callback Submit Document 3 Get Deliverables 5 Track Progress 2 4 Partnership Firm Registration HOW ENTERSLICE HELPS YOU TO GET

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