The Partnership Firm is one of the common business forms in India. Setting up of a partnership firm is less time taking compared to other statutory forms of setting up of a business. A partnership firm can be constituted by any two or more individuals or by any two or more non-individuals or between two or more individuals and non-individuals. This means that even one partnership firm or company can become partner in any other partnership firm. Starting a partnership firm in India requires a specific set of procedures.
Drafting of partnership deed is of prime importance. A carefully drafted deed enlists and ensures all the legal requirements from various statutes in India are complied with and also the terms and conditions between the partners are clearly detailed. The statute (The partnership Act, 1932) that govern the partnership firm being a Central Government subject the registration for the same is a State Government subject. The registration of partnership firm and state government fees for registering the same is different from state to state. We help you register a partnership firm by executing a partnership deed and obtaining proper registrations from the Registrar of Firms. We are here to assist you in the entire procedures related to partnership incorporation.
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