Pvt. Ltd. Company
Public Ltd. Company
Partnership Firm
HUF / SHG Registration
Trust / NGO / Samiti
Ltd. Liability Partnership

Register!

Your Partnership Firm Registration

 


Simplest and a very popular form of Company Registration in India. Prices Starting from INR 1599/- only.

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What is Partnership Firm?

All you need to know
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Partnership firm is a business structure in which two or more individuals manage and operate a business in accordance with the terms and objectives set out in the Partnership Deed. It is owned, managed and controlled by an Association of People for profit. Partnership firms are relatively easy to start are is prevalent amongst small and medium-sized businesses in the unorganized sectors.

Partnership firms are created by drafting a Partnership deed amongst the Partners and by a registered Partnership deed, Gstup can help you to start a Partnership firm in India.

Wish to start a more formalised Firm? Get to know more on LLP Registration here.

Contents of Partnership Deed:

  • The name of the firm
  • Name and details of all partners
  • Date of commencement of business
  • Duration of the firm’s existence
  • Capital contributed by each partner
  • Profit/loss sharing ratio
  • Interest on capital payable to partners
  • The extent of borrowings each partner can draw
  • Salary payable to partners, if any
  • The procedure of admission or retirement of a partner
  • The method used for calculating goodwill
  • Preparation of accounts of the firm
  • Mode of settlement of dues with a deceased partner’s executors
  • The procedure to be followed in case disputes arise between partners

 

GSTUP.com is an eminent business platform and a progressive concept, which helps end-to-end incorporation, compliance, advisory, and management consultancy services to clients in India and abroad. Incorporating a Partnership Firm and registration of Partnership deed is easy, seamless, cheapest and quickest with EbizFiling.com! Apart from a Partnership Firm, GSTUP.com also helps entrepreneurs with Private Limited Company Registration, Public Limited Company Registration, LLP Registration, HUF, One Person Company and Proprietorship Firm Registration easily. You may get in touch with our compliance manager on 07388147521 or email info@gstup.com for free consultation.

Partnership Firm Registration Fees

Classification According Your Needs

Startup

Rs. 1599.00
(All Inclusive)

  • Drafting of deed
  • Execution of Deed
  • PAN
  • TAN

Enhanced

Rs. 3499.00
(All Inclusive)

  • Drafting of deed
  • Execution of Deed
  • GST Registration
  • PAN
  • TAN

Ultimate Value Pack

Rs. 10799.00
(All Inclusive)

  • Drafting of deed
  • Execution of Deed
  • Trademark Application (1 Application 1 Class Small Enterprise)
  • GST Registration
  • SSI/MSME Registration
  • PAN
  • TAN

Compliance required for Partnership Firm

All you should know about necessary compliances
GST Registration

Partnership firms in India requires GST registration. GST Registration Process is 100% online and there is no requirement of submission of physical documents to GST Department. GST registration must be obtained within 30 days of business incorporation, otherwise, the business will be subject to heavy penalties.

GST Return

Under the Goods & Service Tax regime which apparently rolled out in 2017, partnership firms having GST registration would be required to file GST returns. GST Returns can be filed monthly, quarterly and annual GST returns. As filing of GST returns is mandatory for all the registered Taxpayers including Partnership firms.

Accounting

The accounting for a partnership firm is essential compliance. Every Partnership firm shall maintain proper books of accounts which shall represent an accurate and fair view of the state of affairs of the Firm. In essence, a separate account tracks each partner’s investment, distributions etc.

Tax Audit

The Income Tax audit would be needed for a partnership firm if the total sales turnover is more than Rs.1 crore during the financial year. In case of a professional firm, the tax audit would be necessary if total gross receipts exceed Rs.50 lakhs throughout the financial year under assessment.

IT Return

Income tax filing must be filed by all partnership firms. The income tax return of a partnership firm that doesn’t need an audit is due on the 31st of July. If the income tax return of a partnership firm is to be audited according to the Income Tax Act, then the return would be unpaid on the 30th of September.

TDS Return

Quarterly TDS returns must be filed by partnership firms that have TAN and are required to deduct tax at source as per TDS rules. A TDS Return is a quarterly statement which has to be submitted to the IT Department of India. It should contain all details of TDS deducted and deposited by you for a particular quarter.

Documents Required for Partnership

Basic
Quick Checklist

Photograph of all the Partners

PAN Card of all the Partners

ID Proof of all the Partners (Driving License/Passport/Voter ID)

Electricity Bill or any other utility bill for the address proof of the Registered Office

Benefits of Partnership Firm

 Points to make your decision easy
No Minimum Capital

No minimum capital is required to form a Private Limited Company. A Private Limited Company can be registered with a mere sum of Rs. 10,000 as total Authorized Share capital.

Easy To Form

A Pvt Ltd Com is a separate legal identity in the court of the law, meaning assets and liabilities of the business are not same as the assets and liabilities of the directors. Both are counted.

Large Resources

If the company undergoes financial distress , the personal assets of members will not be used to pay the debts of the Company as the Liability of the person is limited.

Scalability

A Public Limited Company is the only form of business except Public Limited Companies that can raise funds from the Venture Capitalists or Angel investors.

Sharing Risks

If the company undergoes financial distress members will not be used to pay the debts of the Company as the Liability of the person is limited.

Better Tax Planning

The particulars of the company are available on a public database. Which improves the credibility of the company as it makes it easy to authenticate the details

Advantages of a Private Limited Company

Private Limited Company Registration Process in 5 steps

1

Obtain Digital Signature Certificate

2

Reserve Your Company Name

3

Submission of MOA & AOA

4

Get Incorporation Certificate

5

Get Company’s PAN & TAN complete

6

Start your dreem to be true liked by U!

Fill Simple Checklist

A compliance manager will get in touch with you to collect your documents along with a simple checklist. You need to fill up that checklist and submit along with your documents for verification. Our team of experts will verify the documents provided by you and take the procedure further. The compliance manager dedicated to you will keep you updated on the progress of Company Registration throughout the process.

Name Approval!

Once your documents along with Checklist are submitted, we shall proceed with the application of your Digital Signature and subsequently the approval of name for your Private Limited Company. You may suggest up to three names of your choice. Names should be unique and suggestive of the Company’s business. We will proceed with application for name for your Private Limited Company in Part A of SPICe Plus form.

Company Registration

We will draft the MOA (Memorandum of association) and AOA (Articles of association). We will file the incorporation documents with MCA through in part B of a form called “SPICe Plus (SPICe +)” along with the subscription statement. Usually, MCA approves the forms within 4-5 days once filed and issues Incorporation Certificate with CIN. PAN & TAN are allotted alongside. You may then proceed to open your Company Bank Account.

Advantages of a Private Limited Company

Private Limited Company Registration Process in 5 steps
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How many directors are required in a private limited company?

A private limited company must have a minimum of two Directors and can have up to a maximum of fifteen Directors. But if you are a sole owner, you can incorporate an OPC as well.

How long will it take to incorporate a Company in India?

It generally takes 8-10 working days to register Private Limited Company in India. The time taken for registration totally depends on the submission of relevant documents by the client and the speed of Government Approvals. To ensure quick and speedy registration, choose a unique name for your Company. The registration fees for the incorporation is inclusive in the package offered to you.

How can I register an Indian Company?

Incorporating a company through Simplified Proforma for Incorporating Company electronically (SPICe plus), with eMoA (INC-33), eAOA (INC-34), is the default option and most companies are required to be incorporated through SPICe only.

What do you mean by Digital Signature Certificate (DSC)?

The Ministry of Corporate Affairs (MCA) mandates that the Directors sign some application documents using their Digital Signature. Hence, a Digital Signature is required for all Directors of the proposed Company. Digital Signature application is to be filed to get a DSC.

Can a Foreign National or an NRI be a Director of a Private Limited Company?

Yes, a Foreign National or an NRI can become a Director of a Private Limited Company in India after obtaining Director Identification Number (DIN). However, it may be noted that at least one Director on the Board of Directors must be a Resident India.

Which Cities do you provide Company incorporation services?

Ebizfiling.com provides Private Limited Company incorporation services online across India. You can get your Private Limited Company registered in Ahmedabad, Mumbai, Pune, Bangalore, Chennai, Delhi, Kolkata, Kanpur, Nagpur, Jaipur, or any city in India by us.

Have some queries?

ur expert will help you in choosing the best suitable plan for you. Get in touch with our team to get all your queries resolved. Write to us at info@gstup.com or call us toll free @1800 890 1716. You can whatsapp us on +91.7388 147 521