Partnership Firm Registration

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Partnership Firm
Registration

It is the most traditional and most easy way to start a business with people you know or you don’t know and with least compliances as compared to it’s peers.

A partnership firm is an organization where min. 2 people start a business with a motive to earn profit. They can be family members, friends or unknown’s or all of them coming together. The risk and responsibilities are shared amongst the partners that shred the burden of an individual partner. Also, when two comes together, more capital and expertise are combined that helps to reach the business goal(s) easily. 

Partnership Act, 1932 defines the structure of a Partnership firm by providing all the necessary provisions to run the same. The Act validates both registered and unregistered partnership firms in India. However, an unregistered partnership has few shortcomings that attract partners towards Partnership Firm Registration. But, one can overcome it by registration firm anytime after it is formed.

Experts at KAPG & Associates have helped hundreds of entrepreneurs with LLP registration process, in all major cities of India including Mumbai, Delhi, Bangalore, Kolkata Pune, Ahmedabad, Mathura and more. Our services have equally relevant reach within smaller cities and towns in the country.

Registration Process is Simple with

KAPG & Associates
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Risk is Distributed

As compared to proprietorship firm here you can make the people your partners who are ready to invest in you and share your risk rather than just taking loan from them.

Pre-defined Object/Period

A partnership can be formed within a specified period or to complete a specific project or object. Once the same is completed, the partnership will automatically stand dissolved.

Lesser Compliance

As compared to a Pvt. Ltd. Company and LLP the yearly compliances of a partnership firm are less and it can also take benefit of presumptive taxation in the Income tax Act, unlike Pvt. Ltd. Company and LLP.

Operating Flexibility

A Partnership firm is operated on the basis of the Partnership deed executed by the partners, mutually. Also, the Partnership Deed can be changed according to the requirement even after partnership deed registration is completed.

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