Partnership Firm Registration in Bangalore

Get Partnership Firm Registration in Bangalore with Solubilis and enjoy the advantages of partnership Firm. We offer our services over Silk board, Yeshwanthpur, Bommanahalli, Hosur, Kr puram, Electronic city, Domlur, shanti Nagar and all other areas in Bangalore. In a partnership business, two or more people can form the business and divide the profits on the agreed ratio basis. When compared to other companies, the partnership firm registration has a minimal level of compliances. Partnership deed is a fundamental step to form a partnership firm. In India, partnership firm regulation is registered under the act of Indian partnership act 1932.

The maximum number of members in a partnership is 10 for a banking business and 20 for other business in a partnership firm registration. The partnership firm cannot be a debtor or creditor and cannot own any properties. The property, debit or credit of a partnership firm belongs to the partners in the eyes of law. As mentioned in the partnership deed if any debts occurred, it should be shared amongst the partners to avoid confusions in future.The registered firm is entitled to declare tax benefits under the provisions of Income Tax Acts. A registered Partnership firm will have better business opportunities due to reliability and can eventually enjoy a better Goodwill. Solubilis corporate service provides their eminent service with 10+ years experience.

Documents Required for Partnership Firm Registration

  • Partnership Deed
  • Partner’s PAN card and address proof.
  • Address Proof of firm
  • Registration documents of Additional partnership
  • Registration documents of GST

Benefits of Partnership Firm Registration

  • Ability to file case against Third Parties
  • Power to file suit against co-partners
  • Ability to claim Set-off
  • Higher Credibility
  • Conversion of Entity
  • Easy to commence
  • Privacy to do a business
  • Partnership firm employees are high in calibre
  • Greater borrowing capacity
  • Less formal and fewer legal obligations

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