Basic Partnership Firm
Basic Partnership Firm
A Basic Partnership is a business
structure in which two or more individuals manage and operate a business in
accordance with the terms and objectives set out in the partnership deed. This
structure is thought to have lost its relevance since the introduction of the
Limited Liability Partnership (LLP) because its partners have unlimited
liability, which means they are personally liable for the debts of the
business. However, low costs, ease of setting up and minimal compliance
requirement make it a sensible option for some, such as home businesses that
are unlikely to take on any debt. Registration is optional for Basic
Partnerships.
The formation of a partnership
requires a voluntary “association” of persons who “co-own” the business and
intend to conduct the business for profit. There are two types of partnership
firms, registered and unregistered. It is not compulsory to register a partnership
firm; however, it is advisable to register a partnership firm due to the added
advantages.
Persons can form a partnership by
written or oral agreement, and a partnership agreement often governs the
partners’ relations to each other and to the partnership. generally, each
partner is jointly and severally liable with the partnership for the
obligations of the partnership and for the wrongful acts or omissions of a
copartner.
Documents Required For Basic Partnership Firm
1.
Each partners Pan Card / Photo
2.
Each partners Email Address
3.
Business Name
4.
Business Address Proof (Electricity Bill)
5.
Profit ratio of each partners
6.
Each partners id (Aadhar Card, Passport, Driving License,
Voter id Card)
7.
Each partners Mobile Number
8.
Business Description
9. Each partners full Address
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Packages for Basic Partnership Firm |
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Basic
1999/- All Inclusive
|
Standard
3999/- All Inclusive
|
Premium
4999/- All Inclusive
|
We Provide You
Partnership Deed PAN & TAN |
We Provide You
Partnership Deed PAN
& TAN GST
Registration Udyog Aadhar Registration (MSME) |
We Provide You
Partnership Deed PAN
& TAN GST
Registration Udyog
Aadhar Registration (MSME) C/A Certificate |