LEGAL SAHEB BUSINESS SOLUTIONS PVT. LTD.
Partnership Firm Registration
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Partnership Firm Registration:
- One of the most traditional and preferred forms of starting a business in India is a partnership business. It is governed by the Indian partnership act, of 1932. A partnership is where two like-minded individuals join hands to enter into a legal business form. The effect is given by signing and executing an agreement with detailed terms and obligations.
- Registration of partnership is subject to state laws and procedures. Our services relating to the registration of partnership is exclusively for Mumbai, Maharashtra.
Why Partnership Registration is required?
- Partnership firms can be registered or unregistered. Registered partnership is more advisable for the reasons listed below:
- Credibility in the books of financial institutions
- Easy conversions into LLP or private limited companies
- Smooth bank account opening process
Process:
- Drafting and finalizing partnership deed
- Translating the deed in Marathi language
- Execution of the deed and notarising the deed
- Submitting the partnership deed in the form with the registrar of firms along with a cover letter, identity, and residential proofs of the partners
- Obtaining a registration number in a 3 to 6 month time period subject to follow-ups