Partnership Company Incorporation

At Legal AT, we understand the intricate landscape of business incorporation in India. Our comprehensive suite of legal services caters to both online and offline needs, ensuring seamless navigation through the complexities of partnership company incorporation.

Whether you’re a startup enthusiast or an established entrepreneur, we’re here to facilitate your journey towards a successful business venture.

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Why Choose Legal AT for Partnership Registration?

  • Expert Guidance: Our seasoned legal experts provide personalized assistance tailored to your specific business requirements.
  • Efficiency: We streamline the incorporation process, saving you time and resources.
  • Transparency: Clear communication and transparent procedures ensure you’re well-informed at every step.
  • Compliance: Stay compliant with all regulatory requirements, minimizing the risk of legal complications down the line.
  • Support: From inception to execution, our dedicated team is committed to your success.
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The Partnership Company Incorporation Process

Incorporating a Partnership Company in India involves several essential steps, ensuring compliance with legal regulations and securing your business’s foundation. 

Below is an overview of the process:

  • Initial Consultation: Get started by scheduling a consultation with one of our experienced advisors. We'll assess your business goals and guide you through the incorporation process.
  • Name Reservation: Choose a unique name for your partnership company and ensure its availability by reserving it with the Ministry of Corporate Affairs (MCA).
  • Drafting Partnership Deed: Our legal experts assist in drafting a comprehensive partnership deed outlining the rights, responsibilities, and profit-sharing arrangements among partners.
  • Registration with MCA: Submit the necessary documents, including the partnership deed and application forms, for registration with the MCA.
  • Obtaining PAN and TAN: Upon successful registration, obtain Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) for your partnership company.
  • Compliance Requirements: Fulfill all statutory compliance requirements, such as obtaining a digital signature certificate (DSC) and registering for Goods and Services Tax (GST), if applicable.

Benefits

  • Easy and Quick to Register: It doesn’t require the complex formalities.
  • Quick and Better Decision Making: Unlike a private limited companies, the partners can take mutually agreed upon decisions quickly.
  • Easy to Dissolve: A partnership can be easily dissolves at any point of time.
  • Convert easily to Pvt Ltd.: Following certain procedures and formalities, one can easily convert a partnership firm into a private limited company.

Documents Required for Partnership Company Incorporation

3 Passport Size Photographs

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Rent agreement from Owner of the house

Partnership deed

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Affidavit of acknowledgement of all the details mentioned and Attested by Notary

Registered Office Address Proof

directors address proof

Business Owner's Address Proof

Criteria for Partnership Company Incorporation

  1. Minimum Partners: At least two individuals or entities are required to form a partnership company.
  2. Name Selection:  The chosen name should not infringe upon existing trademarks and must comply with MCA guidelines.
  3. Resident Partner:  At least one partner must be a resident of India.
  4. Sharing Profits Agreement of the Business: Every Partnership is formed with a profit motive, and the profit sharing ratio should be clearly defined.

FAQ

The timeline varies depending on various factors, but typically, we aim to complete the process within 2-3 weeks.

No, you can authorize a representative to complete the formalities on your behalf.

Profits of the partnership are taxed at the individual partner’s tax rate, and the partnership itself is not taxed separately.

Yes, subject to compliance with legal requirements, a partnership company can be converted into a different business structure such as a private limited company or LLP.

Register your Partnership Firm at Legal AT

Embark on your entrepreneurial journey with confidence by partnering with Legal AT for seamless partnership company incorporation.

Contact us today to schedule your consultation and take the first step towards building a thriving business entity in India.

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