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Partnership Firm Registration in Ahmedabad

Two or more individuals (called partners) can start a partnership business with partnership firm registration in Ahmedabad, Gujarat. We provide partnership firm registration service consultancy across India. According to mutual terms, conditions, and understanding, partners are required to make a partnership deed, which eventually creates the partnership firm as a separate legal entity. This is the simplest way to start a joint partnership business in India. Contact us for partnership firm formation in Gujarat.

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Partnership Firm Formation in Gujarat

Are you interested in starting business with multiple partners as Partnership Firm Registration in Ahmedabad, Gujarat, India? Legal Adda is best online consultant for partnership firm registration in Ahmedabad. We provide partnership firm deed drafting, Franking, notarization service near to your Ahmedabad location. We provide partnership firm consultancy in Whole Gujarat, India.

Partnership firm registration is concept of business partnership with mutual understanding of two or more person. Initiating co-owned business with agreed term helps in getting synergy benefit of two or more person skills. Registration of Partnership Firm is simplest procedure and can be registered with partnership deed containing agreed terms and sharing ratio of profit or loss. Partnership may be operational, financial, educational etc.

Alternately you can start LLP – Limited Liability Partnership which is more recognized Partnership firm mode compared to normal partnership Firm.

Our Partnership Firm Registration combo Includes Partnership Firm Drafting, Stamping/Franking of Deed, Notarization, PAN Card of Firm, GST Registration of Firm.

Benefits of Partnership Firm Business in Gujarat

Joint Ownership Business are gives following advantages;

  1. Easy and Simple Way to Start Business if owner are more than one.
  2. Cost benefit compared to Private Limited Company.
  3. Fast Formation Process – Can Start Business in just one day process.
  4. Exemption of Tax on Profit Distribution to Partner (Up to Income Tax Limit).
  5. Easy Addition of Owner as Partner.
  6. Removal of Partner or Closure of Firm is relatively smooth and easy.
  7. Low Compliance Burden

What are the Document Required For Creating New Partnership Firm?

Documents and Details Checklist for Partnership Firm Formation in Gujarat

  1. PAN Card of Partner
  2. Aadhar Card of Partner
  3. Photo of Partner
  4. Mobile and Email ID
  5. “Name of Partnership Firm”
  6. Address of Partnership Firm
  7. Activities and Business of Firm

Partnership Firm Registration Consultant Near Me (Gujarat)

We Provide Partnership Firm Formation Consultation Across Gujarat and India. Our Package Includes

  1. Partnership Deed
  2. PAN Card of Firm
  3. Seal of Firm
  4. MSME Registration
  5. Firm Bank Account

How to Start Partnership Firm (Steps and Guidance)

Step 1: Decide Terms, Activities etc

Most important thing while starting partnership firm is to decide terms and conditions of working and sharing. Therefore, among all partner there must be mutual agreement for each term before initiating process of registration for firm. Such Deed need to be print on Stamp paper or Franking is required.

Step 2: Deed Drafting & Notarization

Once all partners agreed with terms decided mutually, Experienced Partnership Firm Registration Consultant will prepare finalized partnership deed. Finalized partnership deed need to notarized before legally authorized notary person. All Partners PAN and Identity need to attached with Deed. All Partner will sign before Notary.

Step 3: PAN Application & Bank Account

After Notarization of Deed, First we need to apply for PAN from Income Tax Department. Further, Bank account with name of partnership firm need to be open for doing financial transactions. After That, Partnership can Start Business Activity. Regular Compliance required to be followed.

Annual Compliance for Partnership Firm

Compliance of Partnership Firm are Very Easy. Annually Following Filings required by Firm;

  1. Income Tax Return Filing of Partnership Firm
  2. Books of Account Maintaining
  3. Audit if Turnover is more than limit prescribed in Income Tax Act. 
FAQ's on Formation of Partnership Firm

Any of below can be a partner in Partnership Firm (for more read Partnership Act).

  • Individual (Person)
  • Hindu Undivided Family (HUF)
  • Partnership Firm
  • Company
  • Trust

No, Minor Cannot be a Partner, But if All the partner Agree for admitting minor as a partner then with his guardian authority he can be a partner. Minor is partner only incase of profit. he will not share loss of partnership.