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Partnership Firm

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Our Startup India – Partnership Firm

Register Partnership Firm?

Partnership firm is a business form in which 2 or more individuals can join hands to do business.

Why Partnership firm?

As comparison to other business form, cost of registering partnership firm is very low. Least compliance & disclosure required as compare to other business form. Partnership firm can be easily & quickly registered in comparison to other form of business.[/vc_column_text][/vc_column][vc_column width=”1/3″ css=”.vc_custom_1534192292224{background-color: rgba(0,0,0,0.35) !important;*background-color: rgb(0,0,0) !important;}”][vc_column_text css_animation=”appear”]

We Will Call You!

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Identity Proof

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Address Proof of Business

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PAN Card

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Nature of Business

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Identity Proof of Partners

PAN for Indian nationals
Notarized passport copy for Foreign Nationals

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Identity and Address Proof

Identity and address proof will be required for all directors and shareholders of the company to be incorporated. In case of Indian nationals, PAN is mandatory. For foreign nationals, apostilled or notarised copy of passport must be submitted mandatorily. All documents submitted must be valid. Residence proof documents like bank statement or electricity bill must be less than 2 months old.

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Address Proof of Partners

Passport, Drivers License, Aadhaar (and) Bank Statement or Electricity Bill.
The two documents must be valid, recent and with statements less-than 2 months old

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Proof for Registered Office in India

Rental Agreement or Sale Deed (and) Copy of Electricity Bill, Property Tax Receipt.
No Objection Letter from Landloard for Use of Premises as Registered Office.

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Registered Office Proof

All companies must have a registered office in India. To prove access to the registered office, a recent copy of the electricity bill or property tax receipt or water bill must be submitted. Along with the utility bill, rental agreement or sale deed and a letter from the landlord with his/her consent to use the office as a registered office of a company must be submitted.

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Signed Partnership Deed

Partnership deed in non-judicial stamp paper signed by all Partners.
Value of stamp paper will vary based on the investment & State (Location) of the Partnership Firm

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Partnership Deed Drafting

Our Startup India Financial Expert will first understand your business, Partners, Partnership structure and other relevant details to draft a Partnership Deed that is acceptable to all Partners. 5 to 7 days.[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/4″][vc_column_text css_animation=”right-to-left”][/vc_column_text][/vc_column_inner][/vc_row_inner][vc_row_inner equal_height=”yes” css=”.vc_custom_1534191413055{margin-top: 10px !important;margin-bottom: 10px !important;background-color: rgba(252,238,219,0.6) !important;*background-color: rgb(252,238,219) !important;border-radius: 10px !important;}”][vc_column_inner width=”1/4″][vc_column_text css_animation=”left-to-right”][/vc_column_text][/vc_column_inner][vc_column_inner width=”3/4″][vc_column_text css_animation=”right-to-left”]

Partnership Deed Registration

Based on your requirements and the service level you have requested from Our Startup India, we will help you register the Partnership Deed with the relevant authorities to make the Partnership a Registered Partnership Firm.[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_row_inner equal_height=”yes” css=”.vc_custom_1534191403801{margin-top: 5px !important;margin-bottom: 10px !important;background-color: rgba(252,238,219,0.6) !important;*background-color: rgb(252,238,219) !important;border-radius: 10px !important;}”][vc_column_inner width=”3/4″][vc_column_text css_animation=”left-to-right”]

Obtaining PAN & TAN

Based on the package you had selected, we will help you obtain PAN and TAN registration for your Partnership Firm from the relevant Authorities once the Partnership Firm is registered. 10 to 15 days, subject to their processing time.[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/4″][vc_column_text css_animation=”right-to-left”][/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]


[/vc_column_text][vc_tta_accordion style=”modern” color=”sky” active_section=”0″ collapsible_all=”true”][vc_tta_section title=”What is partnership firm?” tab_id=”1534799805358-8bb2ae04-d788″][vc_column_text]The partnership is the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all. It is one of the quickest ways to form a legal entity where a group of 2 or more can do a business.[/vc_column_text][/vc_tta_section][vc_tta_section title=”How much stamp duty attract on my partnership firm deed ?” tab_id=”1534799805505-ca60af2d-ed70″][vc_column_text]The amount of stamp duty is determined by two factors

1) capital contribution by partners

2) the state in which you are planning to form your partnership firm[/vc_column_text][/vc_tta_section][vc_tta_section title=”What is the legal proof of partnership firm?” tab_id=”1534800022158-3d368dfb-c7a0″][vc_column_text]A signed and notarized Partnership deed drafted on appropriate value of non-judicial stamp paper is the conclusive evidence of the partnership firm[/vc_column_text][/vc_tta_section][vc_tta_section title=”Can i name my partnership firm whatever i want?” tab_id=”1534800063735-2e7c0153-4981″][vc_column_text]Yes, you can name whatever you want however that business name is not secured under laws from being copied.  We advise you to incorporate LLP if you want to protect your business name[/vc_column_text][/vc_tta_section][vc_tta_section title=”Is the liability of the partners limited in partnership firm?” tab_id=”1534800096882-2848fdc7-1762″][vc_column_text]No, In order to discharge the liabilities of the partnership firm all partners are jointly and severally liable to repay all the business liabilities[/vc_column_text][/vc_tta_section][vc_tta_section title=”Do i need to register my partnership firm with state authority ?” tab_id=”1534800126067-d4a67621-d2cb”][vc_column_text]It is optional to register your partnership firm with state authority. However unregistered partnership firm can do business same as a registered partnership can do. If you really want to register your business under government records it is better to form an LLP to save time & cost and restrict your liability[/vc_column_text][/vc_tta_section][vc_tta_section title=”Do you provide this service in my town?” tab_id=”1534800170890-e62891d6-4c78″][vc_column_text]Yes OurStartupIndia is an online platform serving all over India no matters wherever you are doing business all you need is internet connection on your mobile or desktop and we are ready to get your job done.[/vc_column_text][/vc_tta_section][vc_tta_section title=”Do I need to physically present for the process?” tab_id=”1534800247720-ff071030-3f4a”][vc_column_text]No, You don’t need to be physically present for the process, OurStartupIndia is an online catering platform all you need is internet connection  in your phone/computer and the required documents with you and we can get the job done no matters even if you are present at remotest location of the India[/vc_column_text][/vc_tta_section][/vc_tta_accordion][/vc_column][/vc_row]

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