Partnership

 > Partnership

    Firm Registration

    BENEFITS

    Registration Process

    FORWARD DOCUMENTS

    You are required to fill the details in our simple online questionnaire and submit documents.

    VERIFICATION

    For further procedures, details provided by you will be verified by our experts.

    DEED DRAFTING

    Further after submitting your documents we shall draft your Partnership deed.

    APPLY FOR PAN

    We will create all the required documents and file them with ROC on your behalf.

    WORK DONE

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    FAQ (Frequently asked questions)

    The Partnership Act provides that both registered and unregistered partnerships are valid and recognised by law. Partnership registration is not compulsory but is beneficial due to effects of non-registration. Mostly, the businesses at initial level prefer unregistered partnership till they reach stable level. The unregistered partnership can be registered at any time after its formation.

     

    Due to non-registration, the firm cannot file suit against any partner or the third party. A partner also cannot sue the partnership firm for his claim. However, the third parties can sue the firm to enforce their dues or claims. Non-registration does not affect the rights of third parties. Also, the partnership can be registered any time after formation to remove the said effects.

     

    Yes, you can convert. you have to setup a new private limited company and arrange an agreement between the partnership and private limited company.

    No, everything is online with myonlineca but yes you have to just take the printout on the stamp paper & notarized the same which is required your physical presence

    Yes, An audit is mandatory for all partnership firms in India. As per the Income Tax Act, only those firms whose turnover exceeds ₹1 crore in case of a business, or ₹50 lakhs in case of a profession, during a financial year need to get their accounts audited.
    No, the preparation of a Partnership Deed is not compulsory for registering a partnership firm. It is a document that outlines the rights, duties, and responsibilities of each partner and the terms of the partnership. But it is recommended to draft a deed. Get in touch with our legal experts today!
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