Register your partnership firm with complete reliability
In a partnership, the business is owned and managed collectively by the partners as they also share the assets, liabilities and the aspect of profits and losses. It is important to register the business as it helps to settle off claims & also has other advantages. We at Clear My Returns ensure that registration of your partnership firm is easier & as per all the rules and regulation so that in future you don’t face any difficulties in partnership firm.
We draft the partnership deed to be agreed upon and signed later on by the partners involved.
We conduct extensive name searches for your company and get complete approval before registration.
You will be put through one of our experienced and expert in-house CAs who will file your return for you and will be your single point of contact.
With us on the job for you, you can get in touch with the expert assigned to you and can get endless consultations.
We will send you regular reminders in advance to share credentials like certificate of incorporation, MOA and so on so that you don’t miss the date of filing the compliances.
Entire process can be done online through calls, email and WhatsApp. We will file your ROC compliance and share the acknowledgment receipt.
Our website mentions each and every aspect of pricing and the costs involved hence, there are no hidden charges.
We will draft the partnership deed accurately & We will create all the required documents for company PAN & TAN
The Partnership Act provides that both registered and unregistered partnerships are valid and recognized by law. Partnership registration is not compulsory but is beneficial due to the effects of non-registration. Mostly, businesses at the initial level prefer an unregistered partnership till they reach a stable level. The unregistered partnership can be registered at any time after its formation.
Formation of a Partnership Firm does not require any minimum amount. It can be started with any amount of capital contribution by the partners. The Partners can contribute in any amount agreed and in any form being tangible (cash, premise) or intangible (goodwill, intellectual property). The Partners can introduce capital in any ratio, equal or uneven.
It is possible to form a partnership firm with only two partners by following the process described. Further, the Partner to be introduced and appointed in the Firm must be an Indian resident and citizen. NRI and Persons of Indian Origin can only invest in a Partnership with prior approval of the Government. The individual must be competent to contract and not a minor. A minor can be introduced to a Partnership Firm only for profit.
Only a registered partnership firm can claim a set-off (i.e. mutual adjustment of debts owned by the disputant parties to one another) or other proceedings in a dispute with a third party. Hence, it is advisable for partnership firms to get it registered sooner or later. Also, only a registered partnership firm can file a suit in any court against the firm or other partners for the enforcement of any right arising from a contract or right conferred by the Partnership Act. An unregistered Partnership Firm can get registered at any point in time after its establishment.
The registration of a Partnership Firm in India can take 12 to 14 working days. However, the issuance of the Registration Certificate can take place as per the regulations of the concerned state. The time period for the registration of a Partnership Firm is subject to Government processing time and varies for every State.
