If you want to start a business with one or more persons where you will be sharing the responsibilities and ownership of the company with one or more than one partners, you can opt for registering your business as a partnership firm. A partnership firm includes businesses which have two or more than two people sharing the responsibilities and ownership of the business and its operations.
Simply fill the above form to get started
Our expert will connect with you & discuss your requirement
We will send you a link on your mobile/email id to upload documents
Your Company Incorporation Certificate is ready
A partnership firm is an association of two or more persons who agree to pool their financial resources and managerial abilities for carrying out a business and profession. A sole proprietor being a person cannot exponentially expand his business unless he has a partner who can assist him in having a vision, financial resources, and share managerial roles.
The Indian Partnership Act, 1932 defines partnership as "Partnership" is the relation between persons who have agreed to share the profits of a business carried on by all or any one of them acting for all. The persons who have agreed to join in a partnership are individually called "Partners" and collectively a 'firm'. A partnership firm can be formed with a minimum of two partners and it can have a maximum of twenty partners.
The Following document is required by at least 2 partners to register a partnership firm:
Any one of the below-mentioned documents is required for registered address proof:
|Partnership||Proprietorship||Limited Liability Partnership||Private Limited Companies||One Person Company|
|Registration||Optional||No formal Registration||Registered with MCA||Registered with MCA||Registered with MCA|
|Minimum Members||Two person||One person||Two person||Two person||Two person - One Director, One Nominee|
|Maximum members||Twenty||One person||Unlimited||Two Hundred||Two person - One Director, One Nominee|
|Foreign Ownership||Not allowed||Not allowed||Allowed||Allowed||Not allowed|
|Know More||Know More||Know More||Know More|
We value all our customers and attempt to offer our services as though they were our 'first client'. We ensure that the process is fast and smooth. Unlike others, we do not outsource our work and offer in house services coming through our specialists who are experts in their respective fields. We will assign you a dedicated manager who will support you from the start to the end of the process and address any queries that you might have.
No, a minor cannot become a partner in a partnership firm.