Partnership Registration

Know what is a Partnership Firm?

A partnership firm is a type of business structure that can be formed in a day or two. Being one of the simplest form of business and a legal entity in the country, a partnership firm is more common among people looking to start small. For a partnership company registration, there is a need of two or more partners. A Partnership Deed and a few other documents are required to go for the company registration. It helps you get the required PAN and TAN.

The concept of a partnership firm in India comes under the Indian Partnership Act of 1932. The Act describes the duties and rights of the partners and legal compliance between third parties and partners that are part of the configuration of a partnership. In simple words, the respective Act incorporates the status of partners and partnership firms along with third party and agreement relation in the context business of a partnership. You need to get your business registration done to comply with the legal compliances.

Partnership Registration

A partnership is a contractual connection between individuals who have accepted to distribute the profits of the business obtained on by everyone involved in all, as described in Section 4 of the Indian Partnership Act. Today, the partnership deed registration online is also made accessible for the users. You can contact us for any kind of assistance related to your business registration.

Three important components of the Partnership are as follows:

• A partnership is a contract between two or more individuals
• The contact must be prepared to share the profits carried away from the business
• The organization or business must be handled or managed by everyone or anyone of them representing all

All the above conditions must be followed before form a partnership firm

Difference between Partnership and Firm

People who are involved in the Partnership with each other are known as partners individually. The partners might be addressed jointly under the business name or name of the firm. A partnership is a legal contract between the partners, whereas a firm is tangible entities suggestive of the joint body of all the partners. Hence a partnership is an unseen relation that connects partners and firms is an observable appearance of the Partnership; that is why both partners and firms complement each other. Unlike other business structures, partnership business registration in India is also mandatory. It helps a company enjoy multiple benefits and run business without any restriction.

Types of Partnership

Two types of Partnership described below are:

Particular Partnership

If an individual becomes a partner with another person in a specific business organization or for a particular business venture or collaboration like road construction, railway line construction, etc., is called a particular partnership. This type of Partnership completes its terms when the project gets finished.

Partnership at will

There is no condition kept in the agreement between the partners for the duration of their Partnership, and it is known as Partnership at will. Valcus help you register a firm in Delhi and other cities. We have proven experience in the industry and provide a host of services to our existing and potential clients.

Partnership firm Advantages

• Simple and easy process for registration
• Facility for partnership company registration online
• Easy to commence your partnership firm
• Quick decisions as you do not need to wait for the approval from a board of directors or shareholders
• Cost of registration is nominal
• Registration of partnership firm in Delhi online is free from hassle
• Easily raise fund for varied business purposes
• Less tax liability

The Process for Partnership Registration Online

The process for partnership registration online has been made simple for users. You need to follow a predefined process and submit the necessary documents. For your assistance, we at Valcus have made available experts who can help you with the complete new firm registration online with satisfaction assured.

• Contact us to understand about the business firm registration in India
• You can consult our business registration experts to check your eligibility for the desired business structure
• Know about the necessary and detailed required documents
• Register on our dedicated website
• Share with us the required documents and the necessary information for partnership firm registration online on priority
• Choose from the available packages based on your different service requirements
• Make the required payment using the payment mode convenient to you
• Our dedicated professional will get in touch with you for the Partnership Deed preparation, the necessary discussions and proceed with the process of partnership firm registration online

Documents for Partnership firm Registration in India

• Partnership deed
• Proof of identity of all the partners
• PAN card of your Partnership firm
• Address Proof of your partnership firm
• Current Bank Account
• Partnership registration certificate (only if partnership has been registered)
• Any registration document issued by central or state government (normally GST certificate is submitted)

How Valcus is contributing to giving Partnership registration for people?

Individuals who are willing to form their Partnership must consult the experts. Valcus Pvt. Ltd. is one of the finest company registration firms in the market. You don’t need to worry about the documentation, partnership company registration and legal formalities for the company registration because our experts are aware of that.

Our team is capable of performing the entire task related to company formation and business registration for partnership. Choose our company for hurdle-free business registration for your company in the country.