Partnership Firm

1. Partnership Agreement and Form A Drafting  .
2. Deed Execution .  
3. Application for Registration at Registrar of Firms .
4. Certificate of Registration .
5. Application for PAN .

1. Required Minimum 2  Partners .
2. Tax Free Profit Sharing Among Partners  .
3. Easy to Form .
4. Suitable for Startups and Growing Businesses .  
5. Maximum Number of Partners can be 20, but in banking 10 members.
6. The Liability of Partners are Unlimited .

1. Partnership Deed.
2. Documents of Firm: PAN card of firm, Address Proof of Firm. 
3. GST Registration. 
4. Current Bank Account.

 1.How are partnership taxed ?

-  A partnership does not pay any income taxes, although it may be required to file a tax return. Instead, partnership income "passes through" the business to the partners. Each partner then reports his or her share of business profits or losses on an individual federal tax return.  

2. How much time does it takes to register a partnership? 

 - Partnership Firm can take up to approx 10 working days. 3.  Can the certificate of Registration be revoked?       

 -  Partnership Certificate of incorporation can be revoked, at the of dissolution.