Partnership is the popular form of doing business. Partnership is as an association of two or more persons to carry on as co-owners a business for profit”. A partnership is not a separate legal entity distinct from its members.
In India, Partnership is governed by the Indian Partnership Act, 1932. Partnership is defined as per section 4 of the Indian Partnership Act 1932 is as the relation between persons who have agreed to share profits of the business carried on by all or any of them acting for all.
We provide the registration of the clients' partnership firm under the Partnership Act, 1932.
Following are the documents we require to register a firm:
§ Firm Name
§ Whether all partners are actively engaged in business of Firm,
§ Remuneration of Partners
§ Profit Sharing Ratio and Dissolution Ratio
§ Whether bank A/c be operated by all partners jointly or severally
§ Whether all bonds, bills, notes, bills of exchange, hundies or promissory notes or other securities given on behalf of the partnership (except cheques) shall be signed, endorsed, accepted or executed jointly or severally
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