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TESTIMONIALS
SUCCESS STORIES
Priya Reddy
Co founder, Green leaf ventures
Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.
Vikas Singh
Director. BrightSpark Innovations
Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.
Rohit Agarwal
Founder. TechEdge Solutions
Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.
Meera Sharma
CEO BlueWave Technology
Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.
Priya Reddy
Co founder, Green leaf ventures
Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.
Vikas Singh
Director. BrightSpark Innovations
Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.
Priya Reddy
Co founder, Green leaf ventures
Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.
Vikas Singh
Director. BrightSpark Innovations
Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.
Rohit Agarwal
Founder. TechEdge Solutions
Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.
Meera Sharma
CEO BlueWave Technology
Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.
Priya Reddy
Co founder, Green leaf ventures
Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.
Vikas Singh
Director. BrightSpark Innovations
Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.
Priya Reddy
Co founder, Green leaf ventures
Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.
Vikas Singh
Director. BrightSpark Innovations
Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.
Rohit Agarwal
Founder. TechEdge Solutions
Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.
Meera Sharma
CEO BlueWave Technology
Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.
Priya Reddy
Co founder, Green leaf ventures
Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.
Vikas Singh
Director. BrightSpark Innovations
Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.
Priya Reddy
Co founder, Green leaf ventures
Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.
Vikas Singh
Director. BrightSpark Innovations
Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.
Rohit Agarwal
Founder. TechEdge Solutions
Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.
Meera Sharma
CEO BlueWave Technology
Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.
Priya Reddy
Co founder, Green leaf ventures
Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.
Vikas Singh
Director. BrightSpark Innovations
Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.
Priya Reddy
Co founder, Green leaf ventures
Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.
Vikas Singh
Director. BrightSpark Innovations
Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.
Rohit Agarwal
Founder. TechEdge Solutions
Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.
Meera Sharma
CEO BlueWave Technology
Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.
Priya Reddy
Co founder, Green leaf ventures
Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.
Vikas Singh
Director. BrightSpark Innovations
Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.
Priya Reddy
Co founder, Green leaf ventures
Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.
Vikas Singh
Director. BrightSpark Innovations
Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.
Rohit Agarwal
Founder. TechEdge Solutions
Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.
Meera Sharma
CEO BlueWave Technology
Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.
Priya Reddy
Co founder, Green leaf ventures
Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.
Vikas Singh
Director. BrightSpark Innovations
Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.
Priya Reddy
Co founder, Green leaf ventures
Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.
Vikas Singh
Director. BrightSpark Innovations
Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.
Rohit Agarwal
Founder. TechEdge Solutions
Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.
Meera Sharma
CEO BlueWave Technology
Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.
Priya Reddy
Co founder, Green leaf ventures
Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.
Vikas Singh
Director. BrightSpark Innovations
Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.
Priya Reddy
Co founder, Green leaf ventures
Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.
Vikas Singh
Director. BrightSpark Innovations
Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.
Rohit Agarwal
Founder. TechEdge Solutions
Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.
Meera Sharma
CEO BlueWave Technology
Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.
Priya Reddy
Co founder, Green leaf ventures
Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.
Vikas Singh
Director. BrightSpark Innovations
Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.
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A Partnership Firm is a favored choice among entrepreneurs for its simplicity and flexibility. It allows multiple individuals to pool their resources, skills, and expertise to run a business. This model allows for flexibility in management and profit-sharing, tailored to the partners' agreement. Partnerships benefit from relatively easy formation and fewer regulatory requirements compared to corporations.
Partnership Firms
A partnership is a common business structure where two or more individuals collaborate to run a business, sharing profits as per a mutually agreed ratio. It is ideal for various trades, occupations, and professional services where partners can bring complementary skills and resources together. At OnEasy, we understand that partnership firm registration can be overwhelming. That's why we offer a hassle-free, end-to-end online service tailored to meet your needs, with affordable fees. Whether you're starting a new venture or formalizing an existing partnership, we guide you through every step of the registration process.
Governing Law for Partnership Firms
In India, partnership firms are governed by the Indian Partnership Act of 1932. Partners come together through a contract, known as a 'Partnership Deed,' which outlines the terms and conditions of their business relationship.
Partnership Deed
A partnership deed is a legal document that defines the rights and responsibilities of partners, the profit-sharing ratio, capital contributions, and the partnership's duration. A partnership deed is important because it clearly outlines the rights, duties, and responsibilities of each partner, helping prevent disputes and ensuring smooth business operations.
Partnership Firm Registration
Partnership firm registration involves the formal recognition of the partnership by the Registrar of Firms in the state where the firm operates. Although registration is optional, it is highly recommended as it provides several legal benefits and protections.
Who Can Be a Partner in a Partnership Firm?
To be a partner in a partnership firm in India, the following conditions must be met:
Advantages of a Partnership Firm
Disadvantages of a Partnership Firm
Importance of Partnership Firm Registration
While registering a partnership firm is not mandatory under the Indian Partnership Act, it is highly recommended for several reasons:
Procedure for Partnership Firm Registration
The steps for partnership firm registration include:
How OnEasy Can Help with Partnership Firm Registration
At OnEasy, we simplify the process of partnership firm registration. Our experienced team will:
FAQ
Frequently Asked Questions
No, registration of a partnership firm is not mandatory, but it is advisable as it offers legal benefits and protection.
A partnership firm can have a minimum of 2 partners and a maximum of 50 partners, as per the Indian Partnership Act.
A partnership deed is a legal document that outlines the rights, responsibilities, and profit-sharing ratios of partners. It helps prevent disputes.
Yes, a company or LLP can be a partner in a partnership firm if its objectives allow it.
Partnership firms are subject to income tax, and profits are taxed at the firm level. Partners also pay tax on their share of profits.
Registered partnership firms have legal standing and can sue third parties, claim set-offs in legal proceedings, and enforce their rights in court. Unregistered firms cannot file lawsuits against third parties and face limitations in legal proceedings.
Yes, a partnership firm can be converted into a private limited company or LLP if the partners choose to do so.
Documents such as the partnership deed, PAN cards, address proofs of partners, and proof of the firm's business address are required.
GST registration is required if the firm's turnover exceeds the threshold limit or engages in interstate trade.
Yes, a partnership firm can operate from a rented property. A rent agreement must be provided as address proof during registration.
The key information required includes: Who are the partners and what is their residential address? How long do they want to keep the duration of the firm? Principal place of business of the firm. Objective of the partnership firm. Capital required for the business may be contributed and arranged by the partners from time to time as and when needed, or in such manner as may be mutually agreed upon.
Guiding your business forward start your financial journey.
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