Partnership Firm Registration in Chandigarh – A partnership firm is a business organization where two or more individuals join hands to establish a successful business. All the individuals involved pool their resources, capital, skills, and expertise to operate the business jointly. Therefore, it becomes important to sign a formal agreement to operate a business and share both the profits and losses. Gupta Document Center has specialised Attorney to get you Partnership Firm Registration in Chandigarh. The certificate acquired through this process, act as a proof of the legality of the partnership firm and allows the firm to conduct business operations in Chandigarh.
All the partnerships firms formed in India are registered under the Indian Partnership Act, 1932. Gupta Document Center has a team of incorporation experts that guides you throughout obtaining the registration. Let’s dive into the blog to know more about how to get Partnership Firm Registration in Chandigarh.
Eligibility Criteria for Partnership Firm Registration in Chandigarh
Although partnership registrations are not mandatory they offer a myriad of benefits from a legal perspective. However, there is a due eligibility criteria for acquiring the Partnership Firm Registration in Chandigarh. There are various criteria that needs to be fulfilled to obtain a partnership deed in Chandigarh are enlisted below:
- There shall be at least two partners in the partnership for the firm registration.
- The partnership’s name and its line of business must have been decided upon by the partners.
- All the partners must be of legal age.
- The partners must have consent to divide profits and losses
- The partners shall have a stable mental health
Ways to Create Partnership Deed in Chandigarh
The document in which the all the rights and obligations to be obliged by the partners are mentioned is called the partnership deed. To obtain the precise and accurate partnership deeds in Chandigarh, you can contact Gupta Document Center. The credentials and key factors usually included in the partnership deed are mentioned below:
- Name and Address of the firm as well as all the partners
- Nature of business to be carried on
- Date of Commencement of business
- Duration of Partnership (whether for a fixed period/project)
- Capital contribution by each partner
- Profit sharing ratio among the partners
These are the bare minimum which are mentioned in all the partnership deed framed in any part of the country. The partners also have the liberty of introducing additional clauses pertaining specifically to their business ecosystem. Some common examples of additional clauses, inserted in the partnership deeds for Partnership Firm Registration in Chandigarh are mentioned below:
- Interest on Partner’s Capital, Partners’ Loan, and Interest, if any, to be charged on drawings.
- Method of preparing accounts and arrangement for audit
- Division of task and responsibility i.e. the duties, powers and obligations of all the partners
- Salaries, Commissions etc, if any, payable to partners
Documents for Partnership Firm Registration in Chandigarh
Registering a partnership firm in Chandigarh is a legal process, hence, require a list of documents for all the legalities. The experts at the Gupta Document Center can take the charge and once you submit all the documents, we will waste no time in getting your partnership firm registered. The list of documents required to frame the partnership deed in Chandigarh are enlisted below:
- PAN Card
- Aadhar Card
- Driver’s License
- Passport
- Voter ID
- Sale deed in case if the partner owns the place
- Rental agreement copy if on rental basis
- Latest electricity bill (Not Exceeding 3 months)
Process to Obtain the Partnership Firm Registration in Chandigarh
Partnership registration is not mandatory for establishing a partnership firm as per the Partnership Act, 1932. However, getting a partnership registration is highly beneficial as it safeguards the rights of all the partners involved. You can choose to do the registration either online or offline. At Gupta Document center we have helped thousands of applicants to successfully register their partnership firms in Chandigarh.
Offline Process for Partnership Firm Registration
Step 1: Fill out the application form completely, then submit it to the Chandigarh’s registrar of firms together with the required costs.
Step 2: Attach the appropriate documentation to the form, after the verification of all the partners of your firm.
Step 3: If the registrar is pleased with the registration application and accompanying documentation, the partnership firm will be registered.
Online Process for Partnership Firm Registration
Getting your partnership firm registered in Chandigarh, in online mode is very easy. For this you shall contact Gupta Document Center. Follow the steps given below to get your firm registered in no time.
Step – 1: Contact the team of Gupta Document Center to answer all your queries regarding the registration. You can provide all the mandatory to us for carrying out the entire process on your behalf.
Step – 2: The team of Gupta Document Center will obtain all the necessary documents. We will provide you with the partnership deed in three days after completing all the formalities.
- Permanent Account Number (PAN)
- Tax Detection and Collection Account Number (TAN)
- Complete GST registration online
Step – 3: The team of Gupta Document Center will file for partnership firm registration in Chandigarh, after receiving all your documents. Once the registration is done you will be provided with the incorporation certificate.
Advantages of Partnership Firm Registeration in Chandigarh
Partnership registration offers numerous advantages to all the partners involved in the partnership. It is usually suggested that partners shall carefully consider their specific business needs, goals, and legal requirements before deciding whether to register their partnership firm. The range of reasons that perhaps compel partners individually to register the firm is briefed below:
- A registered partnership firm is legally recognised and holds a stronger legal standing than the unregistered ones.
- A registered is considered more reliable and trustworthy in the market than the normal one.
- Registering your partnership firm in Chandigarh gives you access to additional resources such as loans and investments.
- It is easier for the registered partnership firms to smoothly conduct its business operations, including hiring employees and entering into contracts.
Conclusion
Consulting legal professionals or experts can give your registration process a nudge. Even though, it is not mandatory to register your partnership firm, however, doing the registration can be extremely beneficial. Gupta Document Center has an extensive experience in providing clients with their desired legal document. Our team of experts is always keen to answer all your queries and take care of all the documentation needed for the registration.
Reach Gupta Document Center At!
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Email:- Guptadocumentcentre183@gmail.com
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