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Visakhapatnam -530016
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Partnership Firm
A partnership firm is a business entity in which two or more individuals share ownership and profits.
A partnership firm is a business entity in which two or more individuals share ownership and profits. The ownership and management of the firm are shared among the partners. Partnership firms are popular business structures in India because they offer many advantages, such as easy formation, flexibility, and tax benefits.
A partnership firm can be formed by any two or more individuals who have the capacity to enter into a contract. The partners must agree on the nature of the business, the sharing of profits and losses, and the management of the firm. Partnership firms are governed by the Indian Partnership Act, 1932.
The partnership firm is a popular business structure in India because it offers many advantages. Partnership firms are easy to form and offer flexibility in management and ownership. Partnership firms also offer tax benefits.
Partnership firms are popular business structures in India because they offer many advantages, such as easy formation, flexibility, and tax benefits.
DOCUMENTS IST
- The partners in a partnership firm are jointly and individually liable for the debts of the firm.
- A partnership firm can be either a sole proprietorship or a partnership.
- The partners in a partnership firm share the profits and losses of the business.
- The partners in a partnership firm have the right to control the management of the firm.
- The partners in a partnership firm are entitled to the benefits of the business.
- The partners in a partnership firm are entitled to the share of the profits and losses in proportion to their ownership interest in the firm.
- The partners in a partnership firm have the right to vote on the matters affecting the business.
- The partners in a partnership firm have the right to elect the partners.
- The partners in a partnership firm have the right to terminate the partnership.
- The partners in a partnership firm have the right to sue and be sued in their own name.
Partnership Firm registration procedure
It is very important to have a Partnership Firm registration done in order to ensure the legal status of the business. A Partnership Firm is a business entity that is owned and operated by two or more people who share the profits and losses of the business. The partners in a Partnership Firm are liable for the debts and obligations of the firm. Partnership Firm registration is done in order to comply with the legal requirements and to get the legal status for the business.
The first step in the Partnership Firm registration is to choose a name for the firm. The name of the firm must be unique and should not be similar to any other existing firm. The name of the firm must be registered with the Registrar of Companies. The next step is to get the partnership deed prepared and executed by the partners. The partnership deed must be stamped and registered with the Registrar of Companies.
After the partnership deed is registered, the partners must obtain a certificate of incorporation from the Registrar of Companies. The certificate of incorporation is the proof that the partnership firm is legally registered. The partners must also obtain the business registration certificate from the Registrar of Companies. The business registration certificate is the proof that the business is registered with the government.
The next step in the Partnership Firm registration is to file the necessary documents with the Registrar of Companies. The partners must file the Memorandum of Association and the Articles of Association with the Registrar of Companies. The Memorandum of Association contains the name of the partnership firm, the registered office address, the partners, the nature of business and the objects of the business. The Articles of Association contain the rules and regulations of the partnership firm.
After the filing of the necessary documents, the partners must obtain the Certificate of Commencement from the Registrar of Companies. The Certificate of Commencement is the proof that the partnership firm has been legally registered and has started its business operations. The partnership firm must also file the Income Tax Return and the Balance Sheet with the Registrar of Companies.
The last step in the Partnership Firm registration is to obtain the registration certificate from the Registrar of Companies. The registration certificate is the proof that the partnership firm is registered with the government and has all the necessary permissions and approvals from the concerned authorities.
PVT LTD (WITH NON RESIDENT INDIAN PROMOTERS)
₹
999
-
Two Shareholders
-
Two Directors
-
One Lakh Capital
-
Free PAN + TAN
PVT LTD (WITH NON RESIDENT INDIAN PROMOTERS)
₹
999
-
Two Shareholders
-
Two Directors
-
One Lakh Capital
-
Free PAN + TAN
PUBLIC LTD (WITH INDIAN PROMOTERS)
₹
999
-
Saven Shareholders
-
Three Directors
-
Five Lakh Capital
-
Free PAN + TAN
NGO/SECTION 25 COMPANY (WITH INDIAN PROMOTERS)
₹
999
-
Two Shareholders
-
Two Directors
-
One Lakh Capital
-
Free PAN + TAN
CONVERSION OF BUSINESS INTO COMPANY
₹
999
-
Proprietor to Company
-
Partnership to Company
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Pvt Ltd to Public Ltd
-
Unlisted Public ltd to Pvt Ltd
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