With a group of dedicated, research oriented and skilled professionals, we help entrepreneurs and startups to start their business and manage their statutory and legal compliance, at affordable cost

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+91 8714176079

Arjuns Arcade, First Floor, SCNRA B Lane, Kowdiar, Kerala 695003

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Partnership Registration

Startup

Rs 5,500

  • Deed Drafting
  • Filing Application for Partnership Registration
  • Government Fees for Registration
  • Stamp duty
  • PAN
  • GST registration
  • Bank Account Opening Support
GET
Premium

Rs 12,500

  • Filing application for Partnership Registration
  • Stamp duty
  • Deed Drafting
  • Government Fees for Registration
  • PAN
  • GST registration
  • Bank Account Opening Support
GET

Partnership firm is one of the best and affordable business entity type, comparing the post registration regulatory compliances and documentation of other type of business entities. Only minimal documentation is required. Partnership Firm is the most convenient form of association of two or more equal minded persons who are planning to do business together and share profits earned from the business. Partnership is also happen in the form of tie-up’s between two or more persons doing same line of business and willing to do the business together in order to expand the existing individual businesses. These Partnership firms are governed by the Indian Partnership Act, 1932.

Advantages of Partnership Firm Registration

  • Credit Standing: Compare to the Sole Proprietorship Business, the partnership has a better credit rating in the eyes of lenders or creditors. As theliability of each partner in the organization is unlimited the financial institution can safely advance loans to the firms.
  • Very Easy to Start: There is no legal complications in registration. We can do partnership firm registration in the same day of signing agreement.
  • Greater Management Ability: As there are many partners involved in the operation of a business, the firm candistribute the duties and responsibilities to each partner for which one is best qualified and suited. Divisionof labour and specialization, thus, can promote efficiency of the firm.
  • Advantages of Secrecy: The partners can keep the business secrets to themselves. The firm is not requiredby law to publish its profit and loss account and balance sheet.
  • Union of Business Ability: There is a bid age saying that two heads are better than one. In case of partnerthe partner mutually consults each other about the lay out,production procedure, marketing channels, etc.and as a result, a wise course of procedure results
  • Ease of Dissolution: The partnership can also be legally dissolved by mutual consent of the partners or inaccordance with a contract by the partners. There are no formal documents required to be drawn up as in the case of a company.
  • Profit Incentive: The profits are shared by the partners as per agreement. They are encouraged to do morework to earn more profit. Higher the profits, higher will be the partners share.
  • Large Capital: In case of sole proprietorship, the capital is limited to the savings of one owner or his borrowingcapacity. Partnership firm Registration can bring more capital to the business by the joint efforts of the partners. The partnershipis normally in strong position to raise capital and expand the business.

After a Partnership firm registration/ formation, persons from different walk of life having ability, managerial talent and skill join together to carry on a business. This increases the administrative strength of the Partnership Firm, the financial resources, the skilland expertise, and reduces risk. Such Partnership firms are most suitable for comparatively small business such as retail andwholesale trade, professional services, medium sized mercantile houses and small manufacturing units. Generallyit is seen that many initially do partnership firm registration and later, when it is economically viable and financially attractive for the investors, it is converted into a company.

Biswas Filing  is a business registration and compliance management service provider. We are a group of Chartered Accountants, Company Secretaries and Advocates based in Thiruvananthapuram. Our aim is to register start-ups, micro, small and medium business at an affordable cost, by limiting our charges, in order to provide a support for the budding businesses. We are delivering a wide range of services to the business enterprises in Kerala, including Company Registration, Limited Liability Partnership Registration, Partnership Firm Registration, OPC Registration, GST Registration and Filing, Accounting and Book Keeping Services and Filing firm.

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