Rs.5,299
Partnership firms are very much in operation all over India. The entity of partnership depends on the mutual trust among partners and the agreement of the partnership or the deed if you want to term it legally. The concept of the partnership business is quite prevalent in various sectors ranging from small to medium-sized businesses. Starting a partnership firm with another person can be very easy.
However, to maintain it and attain safety during the challenging situations of the firm, registering it is very important.
You should know that registering a partnership firm according to the Partnership Act 1932 is not a cakewalk there are many legalities involved in it. Only an experienced professional can help you in a proper way to register your company without facing any legal consequences due to certain mistakes that can be made during firm registration. At TaxOnTrack, we are the finest place of experienced and trained professionals for years to help you in registering your company in a comprehensive way. We surely make company registration a cakewalk.
Advantages of Registering
Your Company as a Partnership Firm
Partnership firms are one of the easiest to start business models that you can follow. The registration process of the firm is also very simple and you will only need the partnership agreement to get going. That is why so many partnership firms are getting registered and doing their business in a legal way.
When you are running a company, you have the burden of multiple responsibilities. However, if you have decided to start a partnership firm with someone else, you will not have to be the bearer of the entire burden because you can distribute responsibilities to other partners as well.
As you know that in a partnership firm, you have several partners working in unison, the firm will have the access to the knowledge, experience, skills, and contacts of the partners which will help the partnership firm to grow at a rapid pace. That is why partnership firms are very much beneficial.
One of the biggest challenges that a person faces while running a business is the problem of decision-making. Wrong decisions will invite unwanted and catastrophic consequences for your business. As you will have many partners to decisions in the partnership firm, the decisions will generally be good.
In most of the companies, the affairs and the documents are accessible for public assessments. It is something that the business owners do not want. You would want to have privacy and secrecy in running your business. By registering your company as a partnership firm, you can have exactly that.
In most of the business forms, the control power of the firm generally gets vested on a single person that leads to the monopoly of power. However, in a partnership firm, this sort of situation cannot arise because the power and the control will be nicely divided among various partners of the partnership firm.
When you are running a company individually, one of the problems you will face is the lack of capital. You might have to go to the investors to raise capital. But, that is very difficult to do. However, in a partnership firm, you have multiple partners who can invest in the company and so, there is more capital.
In a partnership firm, the profit is paid directly to the partner and not to the partnership firm. It is one of the most important advantages that will instigate you to register your company as a partnership firm because you will be able to see and get the profit easily from the partnership firm which is terrific.
The Process of Partnership Firm Registration in Delhi, India
Mandatory Documents
Need for the Registration of a Partnership Firm
FAQ
Frequently Ask Questions
Harinder Rai
I am client since 6 years of Taxontrack, taking service for my company auditing and annual compliance, I would say nothing is better than this place. Good Job.
Sanjay Desh Pandey
I got my company formation by taxontrack, easy fast, and well coordinated professionals. Thank you.
Anand Sabari
Easy, fast and well maintaine of work, I was looking for professionals for book kddping gst compliances and finally I am stick to well professionals of taxontrack. good job.
Js Sethi
It was amazing experience by getting done my internal auditing for company by Taxontrack. very good and Thank you.
