PARTNERSHIP FIRM REGISTRATION FEES COST DEED IN DELHI

PARTNERSHIP FIRM REGISTRATION FEES COST DEED IN DELHI

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A partnership is a business that is owned, managed and controlled by more then one person. It is one of the most common forms of business in India, used by small businesses operating in the unorganized sectors. Partnership are very easy to start and have very minimal regulatory compliance requirement for getting started. However, after the startup phase, partnership do not offer the promoters a host of other benefits such as limited liability, separate legal entity, independent existence, transfer-ability, etc., which are desirable features for any business. Therefore, partnership are suited for unorganized, small businesses that will have a limited existence.

Registration of Partnership Firm

A business organization in which two or more individuals manage and operate the business. Both owners are equally and personally liable for the debts from the business. The owners of a partnership business are individually known as the “partners” and collectively as a “firm”.

A partnership is easy to form as no cumbersome legal formalities are involved. Its registration is also not essential. However, if the firm is not registered, it will be deprived of certain legal benefits. The Registrar of Firms is responsible for registering partnership firms.

A partnership is formed by an agreement :which may be either written or oral. When the written agreement is duly stamped and registered, it is known as “Partnership Deed”. Ordinarily, the rights, duties and liabilities of partners are laid down in the deed. But in the case where the deed does not specify the rights and obligations, the provisions of the THE INDIAN PARTNERSHIP ACT, 1932 will apply.

In India, Partnership firms are of 3 Types:

1. Unregistered Partnership Deed

2. Partnership Registered with Magistate

3. Limited Liability Partnership

1. Unregistered Partnership – Rs. 2499

As per Partnership Act, 1932 Registration of Partnership is Not mandatory

Step 1 – Partnership deed is drafted and Notarized

Step 2 – PAN and TAN are applied

Step 3 – Bank account is opened to start the business

Documents required

1. Pan Card, Identity Proof, Photo & Address Proof of all Partners

2. Ownership proof of proposed registered address

2.Partnership Registered with Magistrate – Rs. 7,999/-

Here both partners have to go to Magistate, who check authenticity of Documents and Provide a registration Certificate

A partnership firm is required to be registered under sections 58 and 59 of the Partnership Act.

3. Limited Liability Partnership-Rs.7999/-

It is best form of Partnership, it constitute Limited Liability and registration with Ministry of Corporate Affairs

Advantages

  • Low cost of Formation and compliances and less statutory compliances as compared to Private limited Companies
  • Better decision making and control over the business.

Disadvantage

  • A partnership usually has limitations that keep it from becoming a large business.
  • Unlimited liability. General partners are liable without limit for all debts contracted and errors made by the partnership.
  • Since decisions are collective ,disagreements can occur.

Tax Benefits of Forming a General Partnership

General partnerships do not pay income tax. However, the owners or partners of a general partnership do. As with sole proprietorships and limited liability companies, partnerships are pass-through tax entities. This means the profits and losses of a partnership trickle down to the business’ owners, who must declare their share of the business’ income on their personal tax returns. Partnerships do not have to calculate or pay estimated taxes.

Taxation of partnership

Tax will be payable at a flat rate of 30% plus 3% Education cess & Secondary and Higher Education cess on the total of income tax and surcharge.

Surcharge has been eliminated AY 2011-12 onwards.

The deed, generally contains the following particulars:-

  • Name of the firm.
  • Nature of the business to be carried out.
  • Names of the partners.
  • The town and the place where business will be carried on.
  • The amount of capital to be contributed by each partner.
  • Loans and advances by partners and the interest payable on them.
  • The amount of drawings by each partner and the rate of interest allowed thereon.
  • Duties and powers of each partner.
  • Any other terms and conditions to run the business.

REQUIREMENTS FOR PARTNERSHIP FIRM REGISTRATION

Members

A PARTNERSHIP FIRM REGISTRATION required at least two members in order to register, both the members can be a Partner cum Shareholder of the PArtnership Firm. A PARTNERSHIP FIRM REGISTRATION can have upto unlimited person as members as per the PARTNERSHIP FIRM REGISTRATION.

Partners

In a Partnership there should be minimum two (2) Partners required. To become a Partners any one of the Partners must be a Resident of India, who has stayed at least 182 days in the previous calendar year.

Registered Office Proof

When registering a company, should have a valid address to proof. If you are in Bangalore and you have proper address proof in Pune, then you can register your company in Pune and start your Business operations from Bangalore. This Partnership Firm / Private Limited Company registration is valid all over India and also valid for your lifetime. No need of renewal of registration is required.

TRADE MARK | Name of your Company

Naming your company is the crucial part, a company name has two parts Prefix and a Suffix. Prefix must be unique and different, while Suffix should reflect the business nature of your company. To find your name availability, kindly check with Intellectual Property Rights/ Trade Mark Registration website Ministry of Corporate Affairs

TIN NO./ VAT / CST

(For Traders Local & Out state Sales)

A PARTNERSHIP FIRM REGISTRATION required at least two members in order to register, both the members can be a Partner cum Shareholder of the PArtnership Firm. A PARTNERSHIP FIRM REGISTRATION can have upto unlimited person as members as per the PARTNERSHIP FIRM REGISTRATION.

Service Tax No. ST-2

( For Service Sector i.e., IT, HR, Consultancy etc.)

In a Partnership there should be minimum two (2) Partners required. To become a Partners any one of the Partners must be a Resident of India, who has stayed at least 182 days in the previous calendar year.

Import Export License

( For Importers & Exporsters )

When registering a company, should have a valid address to proof. If you are in Bangalore and you have proper address proof in Pune, then you can register your company in Pune and start your Business operations from Bangalore. This Partnership Firm / Private Limited Company registration is valid all over India and also valid for your lifetime. No need of renewal of registration is required.

Drug License / PF ESI

Naming your company is the crucial part, a company name has two parts Prefix and a Suffix. Prefix must be unique and different, while Suffix should reflect the business nature of your company. To find your name availability, kindly check with Intellectual Property Rights/ Trade Mark Registration website Ministry of Corporate Affairs

TIN NUMBER / VAT/CST

FOR TRADERS: A PARTNERSHIP FIRM DOING TRADING BUSINESS HAS TO APPLY FOR TIN NUMBER | VAT | CST REGISTRATION FOR BUSING AND SELLING GOODS IN LOCAL MARKET AND INTER STATE DELAERS .

SERVICE TAX NUMBER ST-2

In a Partnership there should be minimum two (2) Partners required. To become a Partners any one of the Partners must be a Resident of India, who has stayed at least 182 days in the previous calendar year.

MSME / NSIC

When registering a company, should have a valid address to proof. If you are in Bangalore and you have proper address proof in Pune, then you can register your company in Pune and start your Business operations from Bangalore. This Partnership Firm / Private Limited Company registration is valid all over India and also valid for your lifetime. No need of renewal of registration is required.

ISO  CERTIFICATION 9001:2015

Easily Obtain Trademark Registration

Trademark registration helps establish ownership and protect brand of an entity. Early trademark filing will help avoid unnecessary legal tangle. BM Comptax Consultants offers trademark filing from Rs.5999/-

Cost of Service

Capital
5,000/-
Professional Fee
999/-
Government Fees
1000 /-
Price
6,999 /-

Package Includes

Registration done within 15 to 20 days

Everything below is included:

  • Free Pan Number for Partnership
  • TAN Number for Partnership
  • Name Reservation
  • Partnership Deed, All Partnership Firm Documents
  • Certificate of Registration in Form 1A
  • Partnership Firm Rubber Stamps [After Registration Services Like ITR Filing ]