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An Overview of
Partnership registration is the process of registering a partnership firm with the relevant government authority. In India, a partnership firm can be registered under the Indian Partnership Act, 1932.
The registration process typically involves the following steps:
Obtain a PAN (Permanent Account Number) for the partnership firm.
Draft a partnership deed, which outlines the terms and conditions of the partnership, including the rights and duties of the partners, profit sharing ratios, and dispute resolution mechanisms.
Submit the partnership deed, along with other relevant documents such as identity and address proof of the partners, to the Registrar of Firms.
Pay the applicable registration fee.
Once registered, the partnership firm is recognized as a separate legal entity and can transact business in its own name. Registration of a partnership firm is not mandatory, but it provides several benefits, including legal recognition and protection, ability to open a bank account, and access to credit.
Documents of Partners
PAN card of partners – All partners are required to submit their PAN number as identity proof.
Address proof of partners – Partners can submit Aadhar Card, Driving License, passport or Voter ID card as address proof. Name and other details on address proof should match PAN card details.
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