Drafting Partnership Deed between Partners and filing for Pan Card of Firm.
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What Is Partnership ?
y,Partnership is a type of business which requires two or more people to sign an agreement in order to operate a business together.
Hence, all the partners unite and combine their resources to run the business and agree to share profits and losses.
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Registered Partnership & Unregistered Partnership:-Partnership Act 1932 do not require compulsory registration of the partnership firm with the state.
No Penalty shall be imposed if a Partnership Deed is not registered with the state
But one of the major drawback of unregistered firm is that it cannot file a suit in the court against third party
to enforce a right arising from an agreement, unless the firm is registered.
Also, an unregistered firm or any of its partners cannot claim set off or other
proceedings in a dispute with the third party.
Details of documents required for partnership firm Registration.
Proposed Name of the firm
Principle Place of business
Name of partners
Address of partners
Identity proof of partners
Registered office Proof
Due Date of AgreementHow To Register a Registered Partnership Agreement.
The Indian Partnership Act, 1932 regulates partnership firms in India.
Application for registrationAn application form that is signed by all the partners, alone with the fees is sent to
the Registrar of the state in which the firm is situated.
Selection of name of the Partnership firm.
SCertificate of registration
A certificate of registration is issued by the Registrar if he is satisfied with the application
and hence, the firm is registered in the Register of Firms.
Documents required for application of Registered Partnership Firm