Partnership firm incorporation

Partnership firm incorporation

Key Features of Partnership Firm – 

  • 2 Person Required as Partners.
  • Partners share responsibilities and duties of the business.
  • More capital can be brought into the business.
  • Partners share responsibilities and duties of the business.

Disadvantages of Partnership Firm-

  • Unlimited liability.
  • Disagreement among the partners.
  • Can not raise funds easily from investors.
  • Less Features as Compare to LLP Formation with same cost of formation.
  • Maximum 20 Members are allowed.

 

Registration process

  • Choose partnership firm name; try selecting a name which doesn’t resemble with any existing business name.
  • Partnership deed is drafted which suits your needs by legal and taxation experts. Partnership deed is registered with your state’s registrar of firms.
  • Signed partnership deed or registered partnership deed can be used for application of PAN Card and opening bank accounts

Pricing

  •  Standard – Rs 5,999

Standard prices includes partnership deed drafting and PAN & TAN application (Stamp duty charges extra on actuals)

  • Premium – Rs 10,999

Premium prices includes services mention under standard pricing and registration of partnership deed in Delhi / Gurgaon