A Partnership firm is the simplest and yet effective form of a business organization. when two or more come together to form a business, to contribute a sum of amount and share the profits as agreed that is the partnership firm. A partnership firm has fewer compliances as compared to other business types.
A partnership firm is registered under the Indian Partnership Act, 1932 that governs and regulates partnership firms in India. Partnership firms are made by the partners who come together to form the firm. The contract among the partners is known to the partnership firm. This contract is known as a partnership deed that safeguards the rights and relationship between the partners.
Easy to get registered
Quick Raising fund as compared to the Proprietorship firm.
Very less compliance as compared to the company
Every partner is the owner and ownership creates a sense of accountability, this helps the business to bring a great workforce together.
Pan Card Copy of Partners
Passport Photograph of Partners
Identity Proof: Voter ID Card / Driving license / Passport
Any one of: Bank Statement, Electricity Bill, Mobile Bill (not older than 2 months)
Copy of Pan Card of Partners
Passport Size of Photograph of Partners
Address Proof: any one of: Bank Statement, Electricity Bill, Mobile Bill.
Identity Proof: any one of: Voter id card, Driving License, Passport
Registered office Proof: Electricity bill with Noc from the owner. (not older than 2 months)