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Partnership Firm Registration
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A Partnership is one of the most important forms of a business organization, where two or more people come together to form a business and divide the profits thereof in an agreed ratio. A Partnership is easy to form, and the compliance is minimal as compared to companies.
A partnership is governed by a partnership deed, which must be a written document duly signed by all the partners. The deed fulfills the requirement of dissipating information about the firm – name, partners’ details, nature of the business, the location of the business and others. Without much hassle to accumulate a minimum capital, two or more people can start a partnership firm, as there is no minimum capital requirement under the Act.
Lex Koterie LLP provide easy formation of a partnership firm with combined talent, judgement & skill being applied by our leading professionals as per the requirements of the business. We ensure growth, diffusion of risk, tax advantage and other services to our clients which include:
✅ Consultation & guidance in planning for partnership firm.
✅ Drafting of partnership deed and supporting documents.
✅ Receipts of Certificate & follow-up.
✅ Application of PAN.
✅ Expert support during business hours.
Requirements to form a Partnership Firm under the Act.
- There must be an agreement between two or more persons.
- The agreement must be to share the profits of the business.
- All partners together, or any one, on behalf of the others must carry on the business.
Steps to register for a Partnership Firm under the Act.
- Choose name for a partnership (not be similar or identical to existing company)
- Draft a Partnership Deed
- Apply for a PAN Card in the Partnership Name
- File a registration application
- Submit the necessary documents
- Pay the fees and stamp duties
- Finalize the Deed
- Certification from the Registrar
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Lex Koterie LLP is one of the leading professional group involved in Taxation consultancy services, GST, Audit and Assurance, Secretarial and Corporate Law Services, Mergers and Acquisition to Corporate Financial and Risk Advisory, accounting/ related support and outsourcing services.
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