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2 or more than 2 persons required to form Partnership Firm
Partnership Firm is not separate and perpetual entity
Many tax benefit and low compliance
Get PAN & TAN of partnership
Low cost registration
Partnership Firm
Partnership Firm is so easy to start in the way that it does necessitate registration to run.Although, oral partnership firm can be started but it’s always recommended to reduce the terms between partners in writing.Partnership firm is governed by Partnership Act, 1932. Partnership firm can be started by 2 or more than 2 partners but a maximum of 20.Traditionally, a partnership firm deed is simply notarised which settles terms & conditions as mutually agreed.Alternatively, it can be registered with registrar of partnership which is located in the jurisdiction of firm address.Partnership firm are general form but the concept of limited liability firm has an added advantage to it and businessmen are more inclined to it now days.
Advantage & Benefit of registered Partnership Firm
Easy to Start
No approval for Name
Less compliance
Flexibility
Compare Options
Basis | Private Limited Company | Limited Liability Partnership | One Person Company | Partnership Firm | Sole Proprietorship |
---|---|---|---|---|---|
Suitable For | Start-ups | Professional firms | Individual promoters | Family businesses | Small Businesses |
Investors | Attractive | Less Attractive | Not preferable | Unlikely | No way |
Limited Liability | Yes | Yes | Yes | No | No |
Taxation Benefits | Certain benefits | Efficient | benefits | Lowest | Lowest |
Constant Existence | Yes | Yes | Yes | No | No |
Compliance Applicability | High | Low | High | Minimal | Minimal |
Process to start PartnershipFirm
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Package & Pricing
Private Limited Company
- COI
- MOA & AOA
- PAN & TAN
- DSC – 2
- DIN – 2
- SHARE CERTIFICATES
- FIRST BOARD RESOLUTION
- GSTIN
GST , MSME & TM
- GSTIN
- GST Invoice Format
- GST e-way bill Registration
- Free GST Consultancy
- MSME Registration
- Trademark
- IEC
- DSC
Startup Annual Compliance
- Financial Statement
- Audit Report
- ITR
- GST Return
- ROC Annual Return
- Consultancy
- ITR for 2 Promoters
- *Package subject to Turnover
ITR for small business
- Financial Statement
- ITR
- Consultancy
- Refund Tracking Status
- House Property Income Covered
- Capita Gain Income Covered
- Interest Income Covered
- *Package subject to Turnover