Partnership

An association of two or more persons engaged in a business enterprise in which the profits and losses are shared proportionally. There are two kinds of partnership firms. One is registered and other is unregistered partnership firm.

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PARTNERSHIP

1). Easy in formation.
2). Decision making can be much easier with more brains to think about a problem.
3). No name approval required for registration.
4). No requirement of compulsory Audit till the business reaches Rs.1crore.
1). ID proof of Partners (PAN card, Voter ID, Passport, Driving License. (Any one of these).
2). Address Proof of Partners (Voter ID, Passport, Driving License. (Any one of these).
3). Proof of the place of operation – Rental agreement and NOC from owner if rented place Tax paid receipt if rented place.
4). Photos-3.
5). Questionnaire.
1). Partnership registration.
2). Partnership deed.
3). Partnership Firm PAN card.
4). Support in opening current account.
5). No of directors 2.