Partnership Firm Registration in India | Process, Benefits & Compliance

Key Benefits:

• Swift Registration: Complete the incorporation process efficiently.
• Affordable Pricing: Cost-effective packages tailored to your needs.
• Expert Guidance: Professional assistance from experienced consultants.
• Comprehensive Services: From drafting partnership deeds to regulatory compliances and more.

Our Partnership Firm Registration Services

1. Name Reservation

Ensure your desired partnership firm name is unique and complies with the legal guidelines.

2. Drafting of Partnership Deed

Prepare a comprehensive Partnership Deed outlining the rights, duties, and responsibilities of partners.

3. PAN Application

Obtain your firm’s Permanent Account Number (PAN) for tax purposes.

4. GST Registration

Facilitate your Goods and Services Tax (GST) registration for smooth business operations.

5. Shops and Establishment Registration

Register your firm under the Shops and Establishment Act as per your state’s requirements.

6. Bank Account Opening Assistance

Assist in opening a partnership firm bank account.

7. Compliance and Advisory

Ongoing compliance support to keep your Partnership Firm in good standing with regulatory requirements.

Step-by-Step Guide to Partnership Firm Registration

1. Choose a Unique Firm Name:

• Brainstorm and shortlist potential names.
• Ensure the name is unique and not similar to existing firms.

2. Drafting the Partnership Deed:

• Prepare the Partnership Deed detailing the partnership terms.
• Define the profit-sharing ratio, roles, responsibilities, and other essential clauses

3. PAN Application:

• Apply for the firm’s Permanent Account Number (PAN) for tax purposes.

4. Register with Local Authorities:

• Register your firm under the Shops and Establishment Act as per your state’s requirements.

5. GST Registration:

• If applicable, register for Goods and Services Tax (GST) to comply with tax regulations.

6. Open a Bank Account:

• Open a partnership firm bank account using the necessary documents.

7. Post-Incorporation Compliance:

• Maintain records, file annual returns, and adhere to other compliance requirements.

Cost of Incorporating a Partnership Firm in India

At Advolive, we offer transparent and competitive pricing for our Partnership Firm registration services. Our packages start as low as ₹X,XXX, covering all essential services to get your partnership firm up and running without hidden charges.

Why a Partnership Firm?

Choosing a Partnership Firm structure offers numerous advantages, including:

• Ease of Formation: Simple and straightforward registration process.
• Shared Responsibility: Distribute responsibilities among partners.
• Flexibility: Flexible management structure and decision-making processes.
• Tax Benefits: Profits are taxed at individual partners’ rates, avoiding corporate tax.
• Collaborative Growth: Leverage combined expertise and resources for business growth.