Partnership Registration

What Is Partnership?

A partnership is a form of business where two or more people share ownership (Profit/Loss), as well as the responsibility for managing the company and the income or losses the business generates. It can be generated on the stamp paper.

Why Choose Partnership?

A partnership, as opposed to a corporation, is fairly simple to establish and run. No forms need to be filed or formal agreements drafted (although it is advisable to write a partnership agreement in the event of future disagreements).

Advantages of Forming a Partnership

Collaboration
Tax advantages
Simple operating structure
Flexibility
Acquisition of capital

Disadvantages of Forming a Partnership
Conflict with partners
Authority of partners
Unlimited liability
Vulnerability to death or departure
Limitations on transfer of ownership

Documents Required For Partnership Registration

  • PAN ( Permanent Account Number) of all Partners (Minimum 2)
  • Address Proof ( Voter Id, Passport, Driving License, Aadhar Card) of all partners
  • Latest passport size Photographs of all partners
  • Registered Office Address Proof - Electricty Bill along with Rent Agreement / ownership proof of proposed registered office.
  • Copy of Mobile bill, telephone bill, electricity bill or Bank Statement of all directors / promoters with Present address (could be different from permanent address).

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Partnership Registration
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