Partnership Firm 2018-03-29T12:30:37+00:00

Content: Low costs, ease of setting up and minimal compliance requirements make it a sensible option for home businesses

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Definition
Pricing
Inclusive
Documents
Registration
Faq’s

Definition

What is Partnership Firm?

A Partnership Firm is a popular form of business constitution for businesses that are owned, managed and controlled by an Association of People for profit. Partnership firms are relatively easy to start are is prevalent amongst small and medium sized businesses in the unorganized sectors. With the introduction of Limited Liability Partnerships in India, Partnership Firms are fast losing their prevalence due to the added advantages offered by a Limited Liability Partnership.There are two types of Partnership firms, registered and un-registered Partnership firm. It is not compulsory to register a Partnership firm; however, it is advisable to register a Partnership firm due to the added advantages. Partnership firms are created by drafting a Partnership deed amongst the Partners and Kou-Chan Services will help to start a registered or un-registered Partnership firm in India.

Benefits of Partnership Company Registration

  • Can be started within hours by signing a partnership agreement

  • Capacity to sue and be sued in the name of the firm

  • Capacity to Borrow Money in the name of firm

  • Easy to add and remove partners without any hassle

  • Property can be owned in the name of the firm

Pricing Details

Basic

12,000Yearly
  • Digital Signatures
  • Director Identification
  • Certficate
  • Name Reservation
  • Drafting of MOA

Standard

20,000Yearly
  • Digital Signatures
  • Director Identification
  • Certficate
  • Name Reservation
  • Drafting of MOA

Professional

30,000Yearly
  • Digital Signatures
  • Director Identification
  • Certficate
  • Name Reservation
  • Drafting of MOA

For M3 Customer 10% Discount

Inclusive in Parternership Firm package

Documents Required For Partnership Firm Registration

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 notarized 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.

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.

PAN ( Permanent Account Number) of all Partners (Minimum 2)
Address Proof ( Voter Id, Passport, Driving License, Aadhar Card) of all partners
Latest passport size Photographs of all partners
Registered Office Address Proof – Electricty Bill along with Rent Agreement / ownership proof of proposed registered office
Copy of Mobile bill, telephone bill, electricity bill or Bank Statement of all directors / promoters with Present address (could be different from permanent address)

Procedure For Registration

FAQ’s

Minimum of 2 partners are required to register partnership firm.

The registered office address proof need not be in the partner’s name. We would need a rental agreement in the name of the firm.

As per the companies Act 2013, Partnership firms can convert itself into a private limited.

It depends on the documents provided by you and the Registrar of Firms approval process. It normally takes about 5 to 10 working days.

Yes. You can either visit our office during working hours or send the documents via courier to our office.

Yes, Kou-Chan Services will assist you with accounting, tax filing and regulatory compliances. The fee for these services depends on the requirements and is on case to case basis.