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Goods & Services Tax
Compliance
Tax Filing
First Hand Holdings offers partnership registration from Rs.5299/-
Overview
What is a General Partnership?

Partnership is the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all. " Note: - A single person is called as a partner while two or more persons or partners are collectively known as a partnership firm. There are many benefits to incorporate of partnership firm like Easy Formation, Larger Resources, Sharing of Risk, No Annual Returns, Higher Contribution of Capital, No statutory Audit etc.

Start General Partnership with First Hand Holding
  • - General Partnership
    Low costs, ease of setting up and minimal compliance requirements make it a sensible option for home businesses.
  • - Gather Details
    We'll first understand your business requirements.
  • - Document Drafting
    The first draft will be shared with you in four days
  • - Iterations
    We do two rounds of iterations, if necessary, at no extra cost.
Benefits of a Partnership

Minimum Compliance

Partnership firm does not have any legal requirement to submit any documents to any authority especially to ROC. All it has to do is to file its annual Income tax returns and make compliance of Income Tax Act.

Easy to Start

A partnership firm can even start with the notarized partnership deed. Get a new pan card in name of firm and get the current account, all set to do desired business. However if anyone wish to get his deed registered through court/SDM office then this will add up a period of a week to general time taken for a partnership deed.

Comparatively Economical

Since corporate form of partnership is known as LLP, so we are comparing this with the LLP only. In LLP compliances to ROC are to be made in addition to Compliances to Income Tax Act, which is quite costly. ROC Compliance are not required in case of partnership firm.


Documents Required
All partners KYC is required i.e Pan Card, Aadhar Car, Photograph etc. , Rental/lease Agreement of property where business is about to start, Profit sharing ratio of each partner, Capital contribution of each partner, Brief about the business which is about to start
IDENTITY AND ADDRESS PROOF
Scanned copy of PAN Card or Passport (Foreign Nationals & NRIs)
Scanned copy of Voter’s ID/Adhaar Card/Passport/Driver’s License.
Scanned copy of the latest bank statement/telephone or mobile bill/electricity or gas bill.
Scanned passport-sized photograph specimen signature (blank document with signature [directors only]).
Sole Proprietorship Registration Procedure
  • ON DAY 4: Once we obtained your request, our expert will contact you to better hold close your specifications.
  • ON DAY 4: If there are any modifications required to the agreement, our professionals will have them altered. As agreed upon new release changes twice is blanketed in the original cost.
Pricing
Pay as your grow

Basic

all inclusive fees

₹5299

Sign Up
  • Basic partnership deed drafting by a Lawyer
  • GST Registration

Standard

all inclusive fees

₹11599

Sign Up
  • Partnership deed drafting by a Lawyer
  • Deed registration
  • GST Registration

Premium

all inclusive fees

₹19699

Sign Up
  • Partnership deed drafting by a Lawyer
  • Deed registration
  • GST Registration
  • Trademark Registration
  • Government E-Market Place (GEM) Registration
FAQs on Partnership firm
How many people are required to start a Partnership firm?
A minimum of two Persons is required to start a Partnership firm. A maximum number of 20 Partners are allowed in a Partnership firm.
What is the capital required to start a Partnership?
There is no limit on the minimum capital for starting a Partnership. Therefore, a Partnership can be started with any amount of minimum capital.
How will First Hand Holding help me start a Partnership?
An First Hand Holding Associate will understand your business requirements and help you start a Partnership firm by drafting the Partnership deed. Based on the requirements, we can also help register the Partnership deed with the relevant Authorities to make the Partnership Firm a Registered Partnership firm.
Who will register a Partnership firm?
Partnership firms are registered by the Registrar of Firms, under the Indian Partnership Act, 1932.
Will my Partnership firm have a separate legal identity?
No, a Partnership firm has no separate legal existence of its own i.e., the Partnership firm and the partners are one and the same in the eyes of law. Liability of the Partners is also unlimited, and the partners are said to be jointly and severally liable for the liabilities of the firm. This means that if the assets and property of the firm is insufficient to meet the debts of the firm, the creditors can recover their loans from the personal property of the individual partners.
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