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This is another review post.
Quickest and easiest Partnership Firm Registration online with Businessmitra
Customized Partnership deed-
Better governance
Strong Drafting of Constitution-
Better Legal
Best Legal advice from Business Consultants and CAs
No hidden fees
Complete Online Process
(All the processes and signing are completely online.)
Note :
We provide a complete constitution for Partnership firm and not a two page deed
Thinking of starting a partnership firm! You are at a right place where you will get all the professional assistance along with genuine and appropriate advisory from the learned professionals who will guide you through every step favourable and right for the growth of your business.
Besides registering a partnership firm, we provide you with excellent business ideas along with policy and governance related matters through our excellent chartered accountants and lawyers.
Apply for Partnership Firm Registration and get Partnership Deed within 3 days and PAN card within 20 days. Also get customized Drafting of Partnership deed and TAN registration.
We first understand the module of your business though conversation by experienced professionals and advise you with the appropriate business modules available along with suggesting the cost and implication of registration, Compliances and costs.
Our learned professionals draft a customized partnership deed for your firm including complete constitution of operations, management and governance
What is the benefit of Partnership Firm
- Quick and easy start which requires only 4-15 days.
- Minimum compliance compared to LLP, One Person Company (OPC) and Pvt Ltd Company.
- Not much legal formalities.
- Power of association of two or more partners.
- Partners are jointly and severally liable to profits and losses of the Firm.
- Minimum compliance to file only GST returns, Income Tax Returns etc. periodically.
- Tax Audit of the partnership firm is required only when the turn-over of the Firm crosses a defined limit.
What kind of business a Partnership Firm can do
- A partnership firm can operate almost all kinds of business viz. Manufacturing Business, Trading (Wholesale and Retail), Marketing, Import Export Business, Service provider business, Work Contract etc.
What kind of Registration and licenses can be availed by a Partnership firm
- Applicable registrations and licenses viz. Trademark Registration, PF and ESI Registration, FSSAI License, Import Export Code, Udyam Registration Etc. can also be availed by Partnership firm
Partnership Firm Registration
- Registration of Partnership firms is not mandated by the Partnership Act except in special circumstances. However Partnership Firms are registered to avoid legal issues in future. Two or more individuals can start Partnership Firm by simply getting a Partnership Deed and a PAN number in the name of Partnership Firm.
Trademark Registration for Partnership Firm
- A Partnership Firm can also enjoy the registration of his Trademark / Brand to stop others from using the goodwill of his Trademark / Brand. Only requirement for the Trademark Registration is the distinctiveness of the Trademark.
Difference between Partnership Firm V/s Limited Liability Partnership (LLP)
Partnership Firm
- Registration of Partnership Firm is not mandatory except in special circumstances and can be done any time after starting the business.
- Partnership Firm is registered with Registrar of Firms.
- Partnership Firm is less reliable form of business as compared to LLP.
- Partnership Firm is governed by Indian Partnership Act 1932.
- Partnership Firm has not separate legal status of its own and the partners of the Firm are jointly considered as Partnership Firm.
- The partners are jointly and severally liable towards all the losses arising out of the partnership Firm.
- Partners are agent of the Partnership firm as well as other partners. LLP.
Limited Liability Partnership (LLP)
- The registration of LLP is mandated by law and before the start of business.
- LLP is registered by MCA (Ministry of Corporate Affairs)
- LLP is more reliable form of business as compared to Partnership Firm.
- LLP is governed by Limited Liability Partnership Act 2008.
- LLP has a separate legal status.
- The liability of the Partners are limited to the extent and value of shares in LLP.
- In LLP the Partners are the agents of the Firm only.
