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Required Documents

  • Name of The Company
  • Company Address
  • Company Phone Number
  • Amount Capital Contribution
  • Profit Sharing Ratio
  • Company Mail Id
  • Electricity Bill
  • Rental Agreement / Noc of The Company
  • Details & Documents of Partners
      Photo
      Phone Number
      Email Id
      Aadhaar Card
      Pan Card
      Scanned Signature
  • Benefits of Private Limited Regitarion

    1. Stay Legally Protected:

    Compliance upholds your company’s integrity and ensures it’s recognized by law.

    2.Shield Personal Assets

    Safeguard your personal wealth and protect what matters most with limited liability.

    3.Shared Risk

    The financial risks of the business are distributed among the partners, reducing individual exposure.

    4.Improved Motivation

    Partners are often more motivated to succeed due to their direct stake in the business.

    5. Simplified Formation

    Partnerships are generally easier to set up compared to corporations, with fewer legal formalities.

    FAQ

    Ordinary Partnership: This is the most common type, where partners share profits and losses in proportion to their capital contributions. Limited Partnership: In this type, there are at least one general partner with unlimited liability and one or more limited partners with limited liability.

    Partnership Deed Identity proof and address pro of of all partners Rent agreement or proof of ownership of the business premises

    The registration process typically takes around 15-20 days, depending on the efficiency of the Registrar of Firms office.

    While not mandatory, registering a partnership firm provides several benefits, including legal recognition, protection of partners' rights, and access to government schemes.

    A Partnership Deed is a legal agreement that outlines the terms and conditions of the partnership, including the names of partners, capital contributions, profit-sharing ratio, responsibilities, and dispute resolution mechanisms.

    No, a minor cannot be a partner in a partnership firm.

    Yes, a foreigner can be a partner in a partnership firm in India, subject to certain conditions and restrictions.

    Partnership firms are taxed as separate entities. The firm's income is taxed at the corporate tax rate, and partners are taxed on their share of profits.

    Limited liability for limited partners (in limited partnerships)
    Easy formation and management
    Flexibility in decision-making
    Shared risks and responsibilities

    Unlimited liability for general partners (in ordinary and limited partnerships) Potential for conflicts among partners Difficulty in transferring ownership Limited access to capital compared to corporations

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