Simple Partnership with GST Registration

A Simple 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.

Documents Required For Simple Partnership with GST Registration

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

Complete all Process within 15-21 days