Partnership companies can be easily started or dissolved in India. To grow in the fluctuating economy of India, you can properly register or unregister your partnership company by connecting with E-TaxWala. The rates and perfection offered by E-TaxWala are truly magnificent.
Start your Partnership Company
Partnership company is managed and operated by a group of individuals with equal profit sharing and liabilities sharing ratio. In the business models, where lots of contributors and promoters are required on a regular basis for such kind of business registration under the partnership act is beneficial. In India, mainly two types of partnership companies are present – registered and unregistered companies. Unregistered partnership companies can operate on the basis of terms mentioned in their partnership deed.
Main Points of Partnership Registration
Easy to Commence
Partnership company can be started without any formal registration, that’s why starting a partnership firm is very easy in India, however, this kind of company might not enjoy some legal rights, but it isn’t considered illegal in front of the law.
Partnership companies don’t require to get their names approved from the concerned departments.
Companies based on partnership system doesn’t have to file an annual income tax return.
It is a most important document for a partnership company as all the profit-sharing and loss sharing ratios are mentioned in this document. On the basis of the partnership deed, the whole company functions.
To register your business under the partnership companies act, every partner has to submit their identity proofs. The documents required are – PAN card, Aadhar Card, Bank Statement, LIC Receipt or Loan Statement (If any).
How Can We Help You?
E-TaxWala has a team full of competent people who can register your partnership company in India with an optimum level of perfection. Our services include :
- Free Consultation
- Drafting of Partnership Deed
- Registration of Partnership Deed
- The issue of PAN & TAN