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Partnership Firm

Company Registration

(OPC in Delhi takes about 10 working days)
  • Deed Drafting
  • Deed Registration
  • PAN & TAN (If Required)
  • Firm Registration (If Required)
  • Ready to Make History...
  • Starting At:
    Rs.2,000/- All Inclusive

Why Partnership/Proprietorship Firm?

Out of various company registration services, Firm Registration is the least complex. Firm Registration may be done as a Proprietorship Firm (sole Proprietor) or Partnership Firm (multiple partners). Low setup cost, Easy Compliances are some of the major advantage of registering a firm though liabilities of Firm are the responsibility of the Partners of the Firm and hence is not recommended for complex businesses. If someone is looking to register new company and requires a company for Online Business Registration for e-commerce companies, Firm Registration is a nice option. There is no compulsion for Registration of Firm with Registrar of Firms. If owners want to expand their operation and wishes to limit their liability, Firm may be incorporated as Private Limited Company or LLP (Limited Liability Partnership) at any stage.

Firm Registration in Delhi takes not more than 2 days time. Partnership Firm Registration in Delhi cost around Rs 2,000/- and there are many company registration consultants in Delhi who does this job.


What is included in our company registration package?

  • Name approval
  • Agreement
  • Government Fees

Procedure for Company Registration Service


Documents Required For Company Registration?

    For Directors
  • Application for registration under Partnership Act
  • Original copy of Partnership Deed signed by all partners
  • Affidavit declaring intention to become partner
  • Rental or lease agreement of the property/campus on which the business is set

Advantages of Partnership Firm

Ease

Wary of Strict compliance? The compliances and cost is very low in case of Firm Registration

Future Options

Have plans for Future? Firm Registration could be converted into Private Limited Company whenever required

Easy to Start

Need a firm urgently? Firm registration in Delhi could be completed in 2 days time

Easy to Close

Didn't quite work out? No issues! it is as simple to close a Firm as it is to open a Firm Registration



FAQ'S

Q. Are the annual compliances for Firms costlier than other forms of Company Registration?

Q. How difficult it is to shift the registered office of Firm?

The shifting of address of Registered Firm is fairly simple if it is to done within state but the process is very cumbersome if the address has to be changed to different state and many departments are involved. The cost for Inter state transfer is also very steep.

Q. How much time does Partnership Firm Registration in Delhi takes?

Partnership Firm Registration in Delhi takes about 3-5 working days and it is easiest form of Business Registration.

Q. Is it possible to transfer Partnership Firm Registration in Delhi to anywhere else in India?

Yes, it is possible to transfer Partnership Firm Registration in Delhi but it involves lot of cost and is time consuming. The better option is to close Partnership Firm and Register New Company.

Q. What is the criteria for becoming Partner of a Partnership Firm or Owner of Proprietorship Firm?

Partner of a Partnership Firm or Owner of Proprietorship Firm has to be an adult i.e. above 18 years of age. There is NO minimum requirement of educational qualification requirement to become director of Private Limited Company/LLP Incorporation/Firm Registration. The only criteria is that person should not be disqualified by government to become Director/Partner/Owner of New Company Registration.

Q. Can a minor become Owner /Partner of a Firm Registration?

No, the owner of a Firm Registration has to be an adult i.e. above 18 years of age. Though a minor can have a PAN Card but they cannot become Partner of Private Limited Company Registration/LLP Incorporation/Firm Registration.

Q. What is the duration to make a Firm Registration?

The whole process of forming a Firm Registration in Delhi takes about 5 working days. Firm Registration takes appx. Vicinity of 10 working days in other states/UT of India. The steps involved in Incorporation of Firm Registration are Name Approval, GST Registration.

Q. What is validity of Firm Registration?

A Firm Registration has lifelong validity once it is registered.

Q. How to do firm registration in delhi?

Firm Registration in delhi is done automatically with Online GST Registration. It has to be Online GST Registration portal of government.

Q. How much time does Firm Registration in Delhi takes?

Firm Registration in Delhi takes 2 working days to draft the Partnership Deed and applying for PAN. PAN Card of Firm Registration in Delhi takes another 10 days.

Q. Can more partners be added in a Partnership Firm?

Yes, it is possible to add more Partners in Partnership Firm after the form has started operating. It can be done by adding an addendum in the firm registration documents.

Q. Does Firm Registration in Delhi get new PAN Card?

Firm Registration in Delhi as Proprietorship Firm does not need new PAN Card as the same PAN as proprietor works. For Firm Registration as Partnership firm, a new PAN is needed.

Q. What documents are required for starting a sole proprietorship?

To start a sole proprietorship, you would need address and identity proofs, PAN card, all KYC documents and rental agreement alongside Electricity Bill of premises.

Q. How to open a bank account for a Proprietorship?

To open a bank account for a Proprietorship, Reserve Bank of India mandates that the proprietor provide two forms of registration for the Proprietorship along with the PAN Card, identity proof and address proof of the Proprietor. The two forms of registration can be any two of the following: service tax registration, MSME registration, VAT/TIN/CST registration, shop & establishment Act registration, Professional license, Chartered Accountant certificate or others as provided in the RBI Know Your Customer norms.

Q. Will my Proprietorship firm have a separate legal identity?

No, the Proprietorship firm and the Proprietor are one and the same. The PAN Card of the Proprietor will be the PAN Card of the Proprietorship business. Therefore, there will be no separate legal identity for the new company registration. The assets and liabilities of the Proprietorship business and the Proprietor will also be one and the same.

Q. Can I later convert my Proprietorship into a Private Limited Company Registration or LLP Registration?

Yes, there are procedures for converting a Partnership business into a private limited Company registration or a LLP registration at a later date. However, the procedures to convert a Partnership firm into a Company or LLP are cumbersome, expensive and time- consuming. Therefore, it is wise for many entrepreneurs to consider and start a LLP or Company instead of a Partnership firm.

Q. Will my Partnership firm have a separate legal identity?

No, a Partnership firm has no separate legal existence of its own i.e., the Partnership firm and the partners are one and the same in the eyes of law.

Q. Is audit required for a Partnership firm?

It is not necessary for Partnerships to prepare audited financial statements each year. However, a tax audit may be necessary based on turnover and other criterion.



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Compare Your Options

Private Limited Company

  • Suited for Start-up and growing company
  • Best suited to raise investment
  • Directors are protected from any liability
  • Few Tax Advantages
  • Perpetual Existence
  • High Statuary Compliance

Limited Liability Partnership

  • Suited for Professional Service Firms
  • Not very suited for investment
  • Directors are protected from any liability
  • Many Tax Advantages
  • Perpetual Existence
  • Low Statuary Compliance

One Person Company

  • Suited for Solo owner firms like Broker
  • Not very suited for investment
  • Director is protected from any liability
  • Few Tax Advantages
  • Perpetual Existence
  • High Statuary Compliance

Partnership Firm

  • Suited for Home Business
  • Not at all suited for investment
  • Owners are protected from any liability
  • Very Few Tax Advantages
  • No Perpetual Existence
  • Minimal Statuary Compliance

Our Clients

Our team offers best services for Company Registration, Accounting & Book Keeping. We are just a click away


  • Call Us Now

    +91-844-726-5465

    +91-798-222-5290

    Send Mail Us

    info@ca4you.in

Address

  • Gurgaon

    133, DLF City Court, Gurgaon, Hariyana

    Noida

    1st Floor, G-13, Sector 6, Noida (U.P)