“Partnership is a type of business organization in which two or more individuals start business and pool their money, skills, other resources, and share profit and loss as agreed between them. It may be registered or not registered.”
Easy Formation: Registration of partnership is not compulsory , it can be easily formed and can be operate at ease.
Risk Shared: There are more than one partner so risk can be shared between them thus making partnership firm less riskier than proprietorship.
Proper Management: There are more than 1 Key persons or partners so responsibilities can be shared thus helping in better management.
Minimal Compliances: There are no annual filings to be done annually with registrar as there are in Private Limited Company and LLP .
Trade name: Partnership firm doesn't need to take approval from Registrar as it needs to be taken in Pvt. Ltd. Company and in LLP, however it needs to be keep in mind that while creating partnership name it should not infringe any trademark.
Manpower Resource: As there are more than 1 individual , so there would be more resource for operational and management work.
For Opening a current bank account on the Firm Name or Business Name which is required , legal registration are required which can be GST, MSME registration, Shops Act etc. based on business.
ComplyPartner Team would understand business
Day 1- Client To Share Documents To ComplyPartner Team
Day 2- Drafting of Deed , share to client for signing
Day 21- Physical PAN & TAN card would receive.
Day 12- PAN & TAN Card number would be allotted by department
Day 3- After receiving signed copy, PAN/TAN would be applied
Address Proof Of Partners
Photo Id Proof Of Partners