Magus can help you with registration of a Partnership Firm for you, as and when required, in a hassle-free manner within a reasonable time span and for competitive professional fee. To know more, please book a telephonic appointment with one of our consultants free of charge.
The process of formation of a Partnership Firm can take anywhere between 5 to 7 working days, subject to submission of correct information and complete documentation.
The broad process of registering a Partnership Firm involves following steps: STEP 1 : Provision of requisite mentioned documents/information to us STEP 2 : Validating the documents/ information and processing the same STEP 3 : Filing of application and submission of the same STEP 4 : Payment of appropriate government fee as applicable STEP 5 : Processing of the application and issuance of registration certificate
The liability of a Partnership Firm and its Partners are unlimited in the eyes of Law.
A flat rate of 30% is applicable as Income tax for the Partnership Firm on its profits.
No, the Partnership Firm cannot restrict any other person to use its business name, unless it gets its name registered under Trade Mark.
The partners can choose any business name as per their wish to create a Partnership Firm. However, the business name should not be same as of a registered trade mark.
The Partnership deed needs to be executed with Rs. 200/- Stamp Paper in India.
In India a Partnership Firm can be formed through a Partnership Deep duly notarised by a Notary Public.
A Partnership Firm is very easy to form due to its minimal registration requirement and it requires only a Partnership deed to incorporate.