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Partnership Firm Registration Online Process in India – Enterslice

A Partnership Firm is a organization that are Registered by a group of people with Partnership Deed. Know the process, Fees of Partnership Firm Registration.. Partnership firm registration requires drafting of partnership deed, notary and stamping of deed.

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Partnership Firm Registration Online Process in India – Enterslice

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  1. Partnership Firm Registration An Enterslice Fintech Doc ENTERSLICE FINTECH

  2. Overview An Enterslice Fintech Doc Partnership Firm is the most suitable type of business structure as it is very easy to form, and a minimum of two people are required to form a Partnership Firm online. In a Partnership firm, there are very minimal compliances in comparison to other business entities.

  3. In simplified language, we can say that partnership creates a relationship between two or more people who have agreed to carry on a business for profit, and these people are known as partners. An Enterslice Fintech Doc Enterslice is India's leading platform in providing professional legal services through an online platform, and our team of professionals can make the Partnership Firm Registration process quick and hassle-free.

  4. Essential Points to Choose it Minimum two persons Fewer Compliances Responsibilities & duties are shared minor cannot become a partner FEATURES Flexibility in decision Easy to set-up making Minimal legal formalities Inexpensive to establish

  5. Consequences Without Partnership Firm registration, a partner cannot enforce its rights given under the Indian Partnership Act, 1932. In case of dispute with the third party, the firm cannot claim for setoff; however, the third party will be able to sue the Partnership Firm. An Enterslice Fintech Doc

  6. DOCUMENTS FOR REGISTRATION 6 5 4 ID PROOF ID Proof and address proof of all the partners (PAN/ Aadhar Card/ Driving License/ Copy of voter ID/ Passport) 3 RENTAL If the property is on rent then rental agreement as a proof of principal place of Business 2 OWNERSHIP Ownership documents in case property are owned. 1 AFFIDAVIT Specimen of Affidavit DEED Certified Copy of notarized Partnership Deed on stamp paper FORM 1 Partnership Firm registration application in Form 1

  7. Process for Partnership Firm Registration 01 02 03 An Enterslice Fintech Doc STEP STEP STEP SELECTION OF PARTNERSHIP FIRM NAME CREATION OF PARTNERSHIP DEED PARTNERSHIP FIRM REGISTRATION

  8. 1 Detail of the firm and its partners such as name and address 2 Nature of the Partnership Firm COMPONENTS OF THE PARTNERSHIP DEED 3 Detail of capital contributed by each Partner 4 Profit/loss sharing ratio among the partners 5 Interest on capital invested

  9. COMPONENTS OF THE PARTNERSHIP DEED 2 4 1 3 5 Salaries, A process which will be followed in case of retirement or death of any partner Detail of drawings by partners or loans provided by partners Rights and duties/obligation of each Partner commissions or any other amount to be payable to partners Other mutually decided clauses

  10. TAX COMPLIANCES FOR FIRM It is mandatory for partnership firms in India to obtain Permanent Account Number and Tax Deduction Account Number from the Income Tax Department after Partnership Firm Registration. Architecture Presentation Partnership Firm has to file a return of income irrespective of the revenue or loss. In the case of a partnership firm, the income tax rate on the total income will be 30% and surcharge on income tax.

  11. you have to open a bank account on the name of the partnership firm within 30 days of the partnership firm registration. BANK ACCOUNT OPENING Post Partnership Firm Registration Requirements 05 Intellectual property registration gives protection to the trademark and patent from infringement and duplication. INTELLECTUAL 04 PROPERTY REGISTRATION The partnership firm shall set up policies and enter into certain agreements on the basis of its structure. DRAFTING 03 DOCUMENTS The next step is the printing of stationery such as billheads and letterheads, consisting of the name of the firm. 02 STATIONARY GST Registration is required for Business with annual turnover exceeds Rs. 40 Lakhs (Rs 20 Lakhs for Northeast states). GST 01 REGISTRATION

  12. HOW ENTERSLICE HELPS YOU TO GET Partnership Firm Registration 1 2 3 4 5 Fill The Form Get a Callback Submit Document Track Progress Get Deliverables

  13. Follow us www.enterslsice.com En Enterslice Doc Facebook https://www.facebo ok.com/enterslice twitter https://twitter.com/ enterslice YouTube https://youtube.co m/c/enterslice

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