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PARTNERSHIP FIRM REGISTRATION

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Rs.3,999/- +taxes* Onwards


  •    Business Idea validation
  •    Partnership deed Drafting
  •    Stamp Fees
  •    Notary Exp
  •    PAN No.

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Partnership Firm Registration

A General Partnership company is a business structure in which two or more individuals manage and operate a business in according to terms and objectives which is set out in the partnership firm registration deed. All the partners of firm pool money, skills and other resources and share profit and loss according to profit sharing ration with the terms of partnership deed. In the absence of such agreement, a partnership firm is assumed to exit where the partners in an enterprise agree to share the associated risk and rewards proportionately or equally.
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Advantages of Partnership Company Registration

Disadvantages of a Partnership

  • Agreement
    • Because the partnership company is jointly run, it is necessary that all the partners agree with things that are being done. This means that in some circumstances there are fewer freedoms with regards to the management of the business. Especially compared to sole traders. However, there is still more flexibility than with limited companies where the directors must bow to the will of the members (shareholders).
  • Limited Liability
    • Ordinary Partnerships are subject to unlimited liability, which means that each of the partners shares the liability and financial risks of the business. Which can be off-putting to some people. This can be countered by the formation of a limited liability partnership firm, which benefits from the advantages of limited liability granted to limited companies, while still taking advantage of the flexibility of the partnership model.
  • Profit Sharing
    • Partners share the profits equally. This can lead to inconsistency where one or more partners aren’t putting a fair share of effort into the running or management of the business, but still reaping the rewards.
  • Taxation
    • One of the major disadvantages of partnership firm registration, taxation laws mean that partners must pay tax in the same way as sole traders, each submitting a Self-Assessment tax return each year.The current laws mean that if the partnership (and the partners) bring in more than a certain level, then they are subject to greater levels of personal taxation than they would be in a limited company. This means that in most cases setting up a limited company would be more beneficial as the taxation laws are more favorable.
  • Disagreements
    • One of the most obvious disadvantages of a partnership company registration is the danger of disagreements between the partners. Obviously, people are likely to have different ideas on how the business should be run, who should be doing what and what the best interests of the business are. This can lead to disagreements and disputes which might not only harm the business, but also the relationship of those involved. This is why it is always advisable to draft a deed of the partnership during the formation period to ensure that everyone is aware of what procedures will be in place in case of disagreement and what will happen if the partnership is dissolved.

Documents Required

Basic Package

3,999/- Plus Taxes
Features of Basic Package
  • Basic partnership deed
  • All govt. fees and other expenses
  • Notery expenses includes

Premium Package

7,499/- Plus Taxes
Features of Premium Package
  • Basic partnership deed
  • All govt. fees and other expenses
  • Notery expenses includes
  • PAN Registration
  • TAN Registration
  • GST Registration