A Partnership Firm Registration is a prevalent type of business constitution for organizations that are owned, managed and controlled by an Association of People for benefit. Organization firms are moderately simple to begin are is predominant among small and medium organizations in unorganized sectors. With Limited Liability Partnerships in India, Partnership Firms are quick losing their pervasiveness because of the additional favorable circumstances offered by a Limited Liability Partnership.
It isn’t mandatory to register a Partnership firm; but it is advised because of the additional advantages. Organization firms are made by drafting a Partnership deed among the Partners.
Documents Required for Partnership Firm Registration
- Form No. 1 (Application for registration under Partnership Act)
- Original copy of Partnership Deed, signed by all partners
- Affidavit declaring intention to become partner
- Rental or lease agreement of the property/campus on which the business is set
